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Oct.29 — Vista Equity Partners’ Robert Smith is one of the world’s richest people with a $6 billion fortune. He sold about 30% of the company he founded. His first deal with Dyal Capital Partners in 2015 helped popularize sales of minority stakes, upending the conventional wisdom that only weaker businesses would sell a piece of themselves. Bloomberg’s Tom Metcalf and Lisa Abramowicz discuss this trend.

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