Here you will find all the articles with the tag: spin-off.
China's Alibaba is not spinning off its cloud business into a separate company after all. The e-commerce and tech giant announced this recently. This decision immediately cost the company as much as 18 billion euros ($20 billion) in stock market value. Chinese e-commerce company Alibaba has deci... Read more
5 months ago
Malwarebytes has spun off its B2B operations into the new company ThreatDown. The spin-off will focus entirely on enterprise security solutions, such as managed services and endpoint detection. The spin-off of Malwarebytes' business operations, which were housed in Malwarebytes for Business, had... Read more
5 months ago
IBM is acquiring Turbonomic, a Boston-based company whose main product is a platform that enterprises can use to reduce cloud spend and improve applications’ performance. The figures related to the deal have not yet been released. However, according to Reuters’ sources, it could be between a... Read more
3 years ago
IBM plans to cut 10,000 jobs from its European services unit to minimize costs before they spin off the division in 2021, according to Bloomberg report released today. The job cuts will affect about 20% of IBM staff in the region, with offices in the U.K. and Germany facing the biggest cuts. Office... Read more
3 years ago
IBM announced that it plans to spin off its $19 billion managed infrastructure services unit into a separate company by the end of next year. Arvind Krishna, the CEO, said that the spin-off would free up IBM so the parent company can focus on higher margins and higher growth in the hybrid cloud mar... Read more
4 years ago
ARM has reversed its plans to transfer its IoT platform Pelion and Treasure Data component to Softbank. The two components will continue independently under the management of ARM. ARM announced in July that it would transfer its IoT divisions to its parent company SoftBank in September. At the t... Read more
4 years ago
Dell Technologies has announced its intention to spin-off the 81 percent share they have in VMware. The main reason for this financial transaction is to create more value for Dell shareholders. The possible spin-off of VMware by Dell Technologies has been rumoured for some time but has now been ... Read more
4 years ago
Dell Technologies is investigating the possibility of spinning off its share in VMware, according to the Wall Street Journal. Another scenario is that the company purchases all remaining shares. Dell Technologies is clearly working on a new strategy concerning VMware. With 81 percent, Dell Techn... Read more
4 years ago
