GOODBYE SHAREHOLDERS Office Depot confirms giant change to ownership under new $1 billion dealTHE PARENT company of Office Depot entered a new $1 billion deal on Monday. The ODP Corporation, owner of Office Depot, entered an agreement to be acquired privately by Atlas Holdings, an equity firm, valuing the company to be roughly $1 billion. 1 Once a company goes private, the company can be controlled by one individual or a small group of private shareholders (stock photo). In 2024, there were 869 Office Depot and OfficeMax locations in the U.S., Puerto Rico and the U.S. Virgin Islands. • Going private can lead to a reduction in financial and pricing stability as there are fewer financing options and decreased liquidity.