Alibaba splits itself into six separate companies
Chinese e-commerce and tech giant Alibaba is splitting itself into six separate companies. According to the e-commerce and tech giant, this split would allow it to respond better to changes in the market. It should also enable the companies to innovate independently faster in their respective marke... Read more
Intel splits up GPU division AXG Graphics Group
Intel will split its Accelerated Computing Systems and Graphics Group (AGX) into two different branches. Consumer GPUs move to the Client Compute Group (CCG) and server GPUs become part of the Data Center and AI (DCAI) division.
With the breakup, the chipmaker wants to compete more effectively. ... Read more
Atos refuses €4.2 billion acquisition bid
Atos refused a €4.2 billion bid for the acquisition of Evidian. Atos plans to spin off the division in the coming months.
The share price of the French IT services provider plummeted over the course of last year. Atos lost nearly 500 percent in value. The downward spiral began in February 202... Read more
Atos CFO resigns because of split-off plan
CFO Stéphane Lhopiteau is the second executive officer to resign due to Atos' split-off plans. Earlier, CEO Rodolphe Belmer announced his departure.
Atos is a large French IT service provider. The majority of the board wants to change the company's course. The organizations will be split into t... Read more
Toshiba scraps split-off plans and seeks alternative
Toshiba definitively scrapped its planned split-off. The organization is discussing an alternative future. Going private is a serious possibility.
Toshiba announced it's looking for "strategic alternatives" for the future. One option is privatisation, which would see the organization delisted.
... Read more