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
Gigabyte splits server business off into Giga Computing
Gigabyte has split off its server and networking division into a new company called Giga Computing. The parent company will increase its focus on consumer PCs, laptops and GPUs.
Gigabyte claims the split-off won't affect day-to-day operations or customer relationships. Giga Computing is fully ow... Read more
Verizon sells entire media division, which gets renamed to Yahoo
The American telecom provider has decided to split off its entire media division. The various media under Verizon will be in the hands of private equity firm Apollo Global Management, which is putting down 5 billion dollars (over 4 billion euros) for the business.
Verizon's media branch is the r... Read more
‘Dell is considering selling Boomi’
Dell is working hard to slim down its business operations and pay off debt. According to the latest rumours, the company is investigating the possibilities of divesting Boomi. Dell bought the cloud integration company in 2010.
The original Bloomberg article does not give much explanation as to w... Read more
VMware splits off from Dell, continues independently
Dell and VMware have announced that they are parting ways. Dell had owned VMware since its acquisition of EMC, but the companies both hope to become less unwieldy by moving forward independently.
For the separation, VMware will pay a dividend of between 11.5 billion and 12 billion dollars (about... Read more
Activist investor pushes Intel to explore “strategic alternatives”
Hedge fund Third Point Management warns Intel that it may need to fundamentally change its structure and operations.
Reuters has reported that Intel is coming under pressure to look at deal options to keep the company competitive. An activist investor group is warning about the company's positi... Read more