Recent Spinoff Motorola Mobility Falls On Slowing Sales
Image via Wikipedia Just weeks after its debut, Motorola Mobility(MMI) warned that sales were slowing in the face of Verizon’s iPhone introduction. Despite reporting a profit and beating analyst...
View ArticleBad Idearc? Is Verizon On The Hook For Bankrupt Spinoff’s Debt?
In 2006, Verizon(VZ), spun off its declining directory business as Idearc, saddled with billions in debt. Just 28 months later, the company filed for bankruptcy, Idearc has since restructured and...
View ArticleUnchastened By Time Warner Disaster, Verizon Scoops Up AOL
The M&A market remains hot and the latest billion dollar deal is Verizon’s(VZ) proposed $4.4 billion takeover of AOL Inc. (AOL). The deal expands Verizon’s video and advertising ambitions while...
View ArticleSpinoff Veteran Verizon Gets Bored, Changes Logo
Verizon(VZ) is a proto-spinoff. At its core rest two of the original baby bells, Bell Atlantic and NYNEX, although it didn’t take on the Verizon moniker until after its merger with GTE(as part of that...
View ArticleStrike That, Reverse It- Yahoo Suspends Work On Alibaba Spinoff, Will Explore...
After fighting to push forward with a spinoff of its Alibaba(BABA) stake as Aabaco Holdings since the IRS first indicated its opposition in May, Yahoo(YHOO) and its embattled CEO Marissa Mayer have...
View ArticleIs Time, Inc. Right For Yahoo Core Reverse Morris Trust Spin?
Under pressure, once again, from Starboard following the abandonment of its plan to spin off its huge stake in Alibaba(BABA), Yahoo(YHOO) has formed an independent committee of its Board Of Directors...
View ArticleCable One(CABO) To Acquire NewWave Communications
In June 2015, when we wrote about Graham Holdings(GHC) spinning off Katherine Graham’s “best acquisition ever”, we noted that Cable One(CABO), then trading at $430, would make an interesting...
View ArticleMiracle On 34th Street- Is Starboard’s Plan To Unlock Value Back On The Table...
As we discussed back in November 2015, Starboard Value Partners, led by the brash Jeffrey Smith, had acquired a stake in Macy’s(M) and pushed for a spinoff of the real estate into a REIT(Real Estate...
View ArticleNot Even Time Enough For Love- Meredith(MDP) Runs With The Pamplona Bulls In...
Time, Inc.’s(TIME) brief interlude as a public company following its 2014 spinoff from Time Warner(TWX) appears to be coming to a close. Rumors about Meredith(MDP) interest in some or all of Time have...
View ArticleTired Of Waiting, TCI Pushes Altaba To Liquidate Alibaba and Yahoo! Japan Stakes
Hedge fund TCI is going ‘active’ at Altaba (AABA), urging the company to liquidate if it can’t do a better job narrowing the fund’s discount to NAV. For those that don’t remember, Altaba is just a...
View ArticleAltaba, The Spin That Never Happened, Will Become The Company That Isn’t
Much ink was spilled, on these pages and countless others, discussing Yahoo’s plan to spinoff its stakes in Alibaba(BABA) and Yahoo! Japan as an independent company. For much of 2015, the company...
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