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Why did he not offer the employees to buy all or part of the company.
by christkv 9y ago
Why did he not offer the employees to buy all or part of the company.
- tonyedgecombe 9y agoThat's an interesting question, in a services business like this there is very little value without the employees.
- moeymo1 9y agoEx-TWer and current TW shareholder here. US securities law does not allow a company to be private over a certain number of shareholders. The owner couldn't legally offer to sell the company to all 4000-some employees, even if they all lived in the US. (They don't live in the US, which makes it much more complicated). Goldman Sachs tried to end-run around this limitation with Facebook, but failed: https://www.theguardian.com/business/2011/jan/17/goldman-sachs-facebook-private-placement https://www.theguardian.com/business/2011/jan/17/goldman-sac... There are other restrictions: you cannot sell shares of a privately held company unless the prospective buyer makes over 250k per year or has a net worth of $1 million. All of the above are SEC rules. There are numerous other hurdles.