Are you sure that the distinction between public and private matters, considering any rational for divestment would be a matter of national security, and foreign actors/investment?
I remember taking a cursory look when the Trump edict came out and the wording to justify such an act did not include that distinction. Neither do I see it now at an extremely cursory glance at the summary.
There are reasons not to do this arbitrarily, but if the government wanted to under the security clause, ultimately they can even if the process is disputed along the way.
Not disagreeing that government could just say “tencent you no longer own the shares” what I’m saying is that the epic being privately traded instead of publicly traded makes it more likely that epic would buy their shares back at a price the us government sets as ok, or the shares could just disappear if the the US government bans Chinese investment and increases the value of all non tencent own shares. Essentially what I’m saying is the Us government kicking tencent out of Us holdings does not equal now woke us corps will buy their shares.
Exactly. How privately traded companies shares are handled are different than ones listed on public stock exchanges. Epic may even have a requirement that the larger investors have to first offer the shares to be sold back to epic or Sweeney before being sold to a third party
Are you sure that the distinction between public and private matters, considering any rational for divestment would be a matter of national security, and foreign actors/investment?
I remember taking a cursory look when the Trump edict came out and the wording to justify such an act did not include that distinction. Neither do I see it now at an extremely cursory glance at the summary.
There are reasons not to do this arbitrarily, but if the government wanted to under the security clause, ultimately they can even if the process is disputed along the way.
Not disagreeing that government could just say “tencent you no longer own the shares” what I’m saying is that the epic being privately traded instead of publicly traded makes it more likely that epic would buy their shares back at a price the us government sets as ok, or the shares could just disappear if the the US government bans Chinese investment and increases the value of all non tencent own shares. Essentially what I’m saying is the Us government kicking tencent out of Us holdings does not equal now woke us corps will buy their shares.
Got it, and agree. Thanks for clarifying.
Exactly. How privately traded companies shares are handled are different than ones listed on public stock exchanges. Epic may even have a requirement that the larger investors have to first offer the shares to be sold back to epic or Sweeney before being sold to a third party