this post was submitted on 11 Jun 2024
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[โ€“] Oaksey@lemmy.world 0 points 5 months ago (1 children)

In general the reasons could be, an opportunity to raise capital meaning they can ramp up production or produce a better product, and/or the current owners want to cash out.

[โ€“] Croquette@sh.itjust.works 0 points 5 months ago

Most of the time is for the owner to cash out. Either now, or in a short time when the ramp up is done, for more money.