•  luciole (he/him)   ( @luciole@beehaw.org ) 
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      26 days ago

      I was more used to hearing privatization referring to a government owned entity passing to private interests, but I did a quick search and found out it can mean both things:

      Privatization occurs when a government-owned business, operation, or property becomes owned by a private, nongovernment party.

      Privatization also may describe a transition that takes a company from being publicly traded to becoming privately held. This is referred to as corporate privatization.

      • Neat. Thanks. It must be unusual though. That publication seems to have only used it in the title because it’s part of a quote that is the basis for the article. They don’t use that phrasing anywhere else except in a longer quote in the body. Elsewhere they use more common phrasing like ‘go private’.