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In the announcement Hoffman is described as the "controlling shareholder". Presumably this controlling interest [1] gives him the ability to agree to the sale w
by andyjohnson0 10y ago
In the announcement Hoffman is described as the "controlling shareholder". Presumably this controlling interest [1] gives him the ability to agree to the sale without necessarily having the agreement of the other shareholders.
[1] http://www.investopedia.com/terms/c/controllinginterest.asp http://www.investopedia.com/terms/c/controllinginterest.asp
- bogomipz 10y agoAh, I missed that pertinent detail in the announcement, makes sense. Thanks. Facebook is similar in this respect - a controlling person and publicly traded entity.