spin

Safaricom has revealed that it will only consider separating its mobile money platform M-Pesa from the rest of its telecommunications business if the move adds value to its investors and customers, signaling a difficult path ahead for the…

yullz/iStock Editorial via Getty Images Holcim (OTCPK:HCMLF) (OTCPK:HCMLY) confirmed Sunday it will spin off 100% of its North American business, which could be worth more than $30B, and said Miljan Gutovic, currently its head of…

© Reuters. FILE PHOTO: The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) -Holcim will spin off its North American business which…

The space business and public markets are not, perhaps, a match made in heaven. Consider the much-anticipated Starlink IPO. Elon Musk’s SpaceX is the most valuable private company in the U.S., and its largest revenue driver by far is…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Alibaba has ditched plans to spin off its cloud business and paused the listing of its supermarket unit after…

© Reuters. FILE PHOTO: A company logo is seen at the AstraZeneca website in Macclesfield, Britain, May 11, 2021. REUTERS/Phil Noble/File Photo (Reuters) - The Financial Times reported Sunday that drugmaker AstraZeneca (NASDAQ) is…

Venture capital giant, Sequoia Capital, is splitting its China business into a separate entity amid rising tensions between Washington and Beijing.The Silicon Valley firm, which has bet on fast-growing tech companies like TikTok's…