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A corporate spin-off, also known as a spin-out, [1] or starburst or hive-off, [2] is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. [3]
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t ...
At CNBC, while it operates more independently of NBC News, there’s “been a push for more collaboration” between the two organizations; with the spin-off move, “I have kind of a resignation ...
Pages in category "Corporate spin-offs" The following 200 pages are in this category, out of approximately 317 total. This list may not reflect recent changes .
3Com: Shares soared after announcing the corporate spin-off of Palm, Inc. 360networks: A fiber optic company that had a market capitalization of over $13 billion but filed for bankruptcy a few months later. AboveNet: Its stock rose 32% on the day it announced a stock split.
Industrial conglomerates spin off businesses GE HealthCare is just the latest company to spin off in hopes of capitalizing on a growing market in the medical technology arena.