IPA: /rɪˈpraɪvəˌtaɪz/
KK: /rɪˈpraɪvəˌtaɪz/
To change a company or service back to private ownership after it has been owned by the government.
The government decided to reprivatize the telecommunications company after years of public ownership.
Past: reprivatized
Past Participle: reprivatized
Reprivatize → It is formed from "re-" (meaning again) and "privatize" (from Latin "privatus", meaning private). The word means to make something private again after it has been public or state-owned.
Think of making something 'private again' — 're-' means again, and 'privatize' refers to making something private.