Even nonprofits have a value and can have profit. They just can’t enrich shareholders/owners with that profit. If the guardian invested monies in that division over time and they don’t want it to completely go away, like a normal business they can offload it to someone else for a price and try to recoup some of their losses that way (I.E. replenish their bank accounts or pay off liabilities related to that division).
Isn’t the guardian a nonprofit? Why are they selling it?
Even nonprofits have a value and can have profit. They just can’t enrich shareholders/owners with that profit. If the guardian invested monies in that division over time and they don’t want it to completely go away, like a normal business they can offload it to someone else for a price and try to recoup some of their losses that way (I.E. replenish their bank accounts or pay off liabilities related to that division).
They’ve been losing money.