Per Investopedia (http://www.investopedia.com/terms/e/ev-ebitda.asp):
Enterprise Value = (market capitalization) + (value of debt) + (minority interest) + (preferred shares) - (cash and cash equivalents)
I understand why debt and preferred shares would be counted in EV (and cash/cash equivalents counted against it) since EV represents a theoretical takeover cost.
However, I don't understand why minority interest would be added to EV. The value of such shares would already be included in market capitalization.