Some Czech billionaire bought Royal Mail
Some Czech billionaire bought Royal Mail
![](https://lemmy.ml/api/v3/image_proxy?url=https%3A%2F%2Fichef.bbci.co.uk%2Face%2Fbranded_news%2F1200%2Fcpsprodpb%2F3ed9%2Flive%2F5c6e9620-bb4a-11ef-8a81-f325b97dcd78.jpg&format=webp&thumbnail=128)
The £3.6bn deal by Daniel Kretinsky is cleared after agreeing "legally binding" undertakings.
![Royal Mail takeover by Czech billionaire approved](https://lemmy.ml/api/v3/image_proxy?url=https%3A%2F%2Fichef.bbci.co.uk%2Face%2Fbranded_news%2F1200%2Fcpsprodpb%2F3ed9%2Flive%2F5c6e9620-bb4a-11ef-8a81-f325b97dcd78.jpg&format=webp)
All your mail are belong to us
Some Czech billionaire bought Royal Mail
The £3.6bn deal by Daniel Kretinsky is cleared after agreeing "legally binding" undertakings.
All your mail are belong to us
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As an American with the postal service that's a government agency this is just blowing my mind. Y'all just let a private dude buy your mail service?
My understanding is that about 20 years ago it got privatised, with some government oversight. I think that is still the case, it's just now the owner is a foreigner so the tabloids can get worked up.
Privatisation is still bullshit though.
I mean... the same thing is probably going to happen to you in the next couple years.
It probably won't.
God willing, we can count on incompetence.
It was sold off by the government in 2013.
This is just a transfer of ownership between private organisations.
This is why we should never go full Tory.
Also I'm pretty sure this is just the newspapers being sneaky. It was sold off in 2013 under the Conservatives, and now it's being resold to someone else and the media is trying to make it look like Labour are the ones who privatised it.