It’s not done by buying all of the shares. It’s done via a merger. In a merger, your share goes poof and you get cash, if that’s what most of you want. You don’t actually get to sell your shares to anybody.
And public/private is like an on/off switch. The owner can easily turn the switch off (turning the company private).
Frozen_Refrigerator t1_iu4s5e5 wrote
Reply to ELI5 How can a public company become private? by hellothere564738
It’s not done by buying all of the shares. It’s done via a merger. In a merger, your share goes poof and you get cash, if that’s what most of you want. You don’t actually get to sell your shares to anybody.
And public/private is like an on/off switch. The owner can easily turn the switch off (turning the company private).