Marcel LUX III SARL (Marcel) as the largest shareholder in SUSE is planning to take the company private and delist it from the Frankfurt Stock Exchange. SUSE will be merged with an unlisted Luxembourg entity. Marcel currently owns a 79% stake in SUSE.
Coincidentally I looked up whether they were private 30 minutes ago. Being a publicly traded company puts the focus on short term profit, the same issues Redhat is having with IBM. It might not help if the equity still wants that, but I’m hoping they won’t.
Thankfully as only 30% of the other investors have that option, it appears the controlling entity can let them sell their shares if they want out in the direction the company is going