Tag Archives: spinoff

[unable to retrieve full-text content]Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news  MSN Source link

[unable to retrieve full-text content]Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news  Reuters Source link

[unable to retrieve full-text content]Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news  CNA Source link

[unable to retrieve full-text content]Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news  Marketscreener.com Source link

MOSCOW (Reuters) – Russian search engine giant Yandex on Thursday reported a 53% jump in full-year revenue to 800.1 billion roubles ($8.72 billion), driven by organic growth across the business, from search and advertising to e-commerce and ride-hailing. Yandex’s Nasdaq-listed and Dutch-registered parent, Yandex NV, last week agreed to spin off some assets in a cash and shares deal worth $5.2 billion, a far cry from the company’s value before Moscow sent its army into Ukraine in February… Source link

A longstanding medical tech maker is now set to make its own moves. GE HealthCare made its market debut on Wednesday under the ticker symbol GEHC, finalizing a spin-off from General Electric (GE), which is shifting its focus exclusively to aviation. “It’s enabled us to kind of simplify how we run the company,” Peter Arduini, CEO and president of GE HealthCare, said in an interview with Yahoo Finance (video above). “And ultimately, it’s about capital allocation over the long run.” GE… Source link

Wells Fargo is predicting big things for Disney’s (DIS) sports network ESPN in 2023. In a new note published on Tuesday, Wells Fargo analyst Steve Cahall outlined the firm’s top predictions for the media business in 2023, and made a big call about the future of ESPN under Bob Iger’s leadership at Disney. “DIS will begin the spin-off process for ESPN & ABC including launching ESPN in streaming a la carte,” Cahall wrote. “Cost rationalization and balance sheet options are critical to reaching… Source link

Join gaming leaders, alongside GamesBeat and Facebook Gaming, for their 2nd Annual GamesBeat & Facebook Gaming Summit | GamesBeat: Into the Metaverse 2 this upcoming January 25-27, 2022. Learn more about the event.  In May, following Uber’s acquisition of Postmates, the robotics division of Postmates spun out as an independent company called Serve Robotics. At the time, Serve said it would pursue its vision of deploying fleets of sidewalk delivery robots throughout the country,… Source link

Bloomberg Deutsche Bank’s Nightmare Decade Is Gone, But Not Yet Forgotten (Bloomberg) — On the day before one of the biggest margin calls in history, Deutsche Bank AG chief Christian Sewing joined an urgent meeting with a not-unfamiliar message: there was a problem, and billions of dollars were at stake.But as executives on the late-March call briefed him on the bank’s exposure to Archegos Capital Management, this time it wasn’t all bad news. Risk managers had been concerned by the… Source link

SAN RAMON, Calif. (AP) — The executive who steered the transformation of Google’s self-driving car project into a separate company worth billions of dollars is stepping down after more than five years on the job. John Krafcik announced his departure as CEO of Waymo, a company spun out from Google, in a Friday blog post that cited his desire to enjoy life as the world emerges from the pandemic. “I’m looking forward to a refresh period, reconnecting with old friends and family, and… Source link