SUSE is going private?

Saw a press release yesterday that SUSE is going to buy back their stock and de-list themselves, thus becoming private.

the parent company is EQT Private Equity. And I have worked for companies that have been taken over by Private Equity companies before and it never goes well for the employees. This seems different in that 75% of the company was owned by EQT already.

Also I learned that SUSE has had a crazy amount of mergers and owners: SUSE - Wikipedia. so just wondering if anyone knew anything

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