Topic
corporate-spin-off
4 stories related to this topic, newest first.
business14 days ago
Comcast to Spin Off NBCUniversal and Sky After Years of Stock Weakness
Comcast announced on June 29, 2026, that it will separate NBCUniversal and Sky into a new publicly traded media company. The spinoff process is expected to take about one year and requires regulatory and board approvals. Shares rose between 17% and 24% in pre-market trading.
DA
finance.yahoo.combusiness28 days ago
FedEx Freight Becomes Independent Company With $9 Billion Revenue After Separation From Parent
The less-than-truckload carrier gains independent control over capital, technology, and sales after operating inside a nearly $90 billion parent.
finance42 days ago
FedEx Freight Begins Trading as Independent Company After Spin-Off From Parent
FedEx Freight started trading Monday as a standalone company following its separation from FedEx. The largest less-than-truckload carrier in North America generated $9 billion in revenue inside the parent company.
Substrate placeholder — needs reviewai68 days ago
Flex to Spin Off Cloud and AI Data Center Infrastructure Into Separate Public Company
Flex CEO Revathi Advaithi said the electronics manufacturer will separate its cloud and power infrastructure division into a new publicly traded entity. Advaithi told CNBC's Squawk Box that the timing makes a lot of sense for the move. The segment featuring her comments aired fou…
SQ