They would still be minority share holders if they tanked the value and convinced tencent and all of the other shareholders to sell. Sweeney still has more than 50% of the stock and he has no need to sell.
It would still be less than half and Sweeney would vote down any idea he did not like, like he does now. They would only be entitled to dividends the shares pay out (if any) and the ability to sell their current stake in the company.
They would still be minority share holders if they tanked the value and convinced tencent and all of the other shareholders to sell. Sweeney still has more than 50% of the stock and he has no need to sell.
What happens if near half a company is held by people who want to kill it?
Has it ever happened?
It would still be less than half and Sweeney would vote down any idea he did not like, like he does now. They would only be entitled to dividends the shares pay out (if any) and the ability to sell their current stake in the company.