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Companies can take themselves private. BestBuy is in the process of doing it right now. The owners? The stockholders. They just aren't trading their shares

• AnthonyMouse 13y ago
  You're all talking past each other. "Taking a company private" has nothing to do with stock buybacks. Stock buybacks are when the company itself buys its own stock and then cancels the shares, which increases the percentage ownership stake of the remaining stockholders. Taking a company private means that a single large investor (or a cooperating group thereof) buys 100% of the shares and then votes to delist the company from the stock exchange and stop trading the shares publicly.
  • eru 13y ago
    Yes. So a company can't take _itself_ private. Stockholders can take a company private.