Possibly how weird it is to think of the ownership of ownerships and stakes. Nested

Say there is a large [activist] investor ->

who owns 5% of Naspers ->

which has a sizeable stake in Prosus ->

which has a sizeable stake in Tencent ->

which has a sizeable stake in Epic Games (40%+)

OR

a majority stake in Tencent Music ->

which has a respectable stake in Spotify (7.5%). Not to mention Tencent’s own stake in Spotify (1-3%)