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NewCo
A NewCo or Newco is a term used to describe a corporate spin-off, startup, or subsidiary company before they are assigned a final name, or to proposed merged companies to distinguish the to-be-formed combined entity with an existing company involved in the merger which may have the same (or a similar) name. In a handful of cases the new company may retain the name "Newco". The term can also be used to describe a company that was created to replace its predecessor, which ceased to exist for reasons such as financial issues: the creation of a NewCo to continue the existence of Rangers F.C. was a notable example. Examples * IBM GTS - Managed Infrastructure Services → Kyndryl * 3M’s data storage business (spun off in 1996) → Imation (later renamed GlassBridge in 2017) * Abbott Laboratories pharmaceutical division → AbbVie * Atlas Copco Mining and Rock Excavation Technique business area → Epiroc * AT&T computer hardware subsidiary → NCR * Bayer chemicals operations → ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hewlett-Packard
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses ( SMBs), and large enterprises, including customers in the government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'". The company won its first big contract in 1938 to provide test and measurement instruments for Walt Disney's production of the animated film ''Fantasia'', which allowed Hewlett and Packard to formally esta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Degussa
Evonik Industries AG is a stock-listed German specialty chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world. It is predominantly owned by the RAG Foundation and was founded on 12 September 2007 as a result of restructuring of the mining and technology group RAG. Evonik Industries united the business areas of chemicals, energy and real estate of RAG, while mining operations continue to be carried out by RAG. Since then, the energy and real estate business areas have been divested, with no share being held in the former and a minority share still being held in the latter. Its specialty chemicals business generates around 80% of sales in areas in which it holds leading market positions. Evonik Industries employs about 37,000 people and carries out activities in more than 100 countries. The operating activities are organized into six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RAG Beteiligungs-AG
RAG AG, formerly Ruhrkohle AG, is the largest German coal mining corporation. The company headquarters are in Essen in the Ruhr area. The company was founded on 27 November 1968, consolidating several coalmining corporations into the Ruhrkohle AG. On 12 September 2007 as a result of restructuring, the business areas of chemicals, energy and real estate were transferred to the new business entity Evonik Industries AG. Today, Evonik Industries are majority owned by the ''RAG-Stiftung'' (English: ''RAG-Foundation''), which uses corporate profits to finance the costs that arise due to the former mining activities in the Ruhr region. The foundation plans on using about 220 million euro per year from 2019 to maintain abandoned coal mines, which mainly involves pumping out the ground water that destabilises tunnels. Since its board of trustees is dominated by federal and regional government officials as well as unions, RAG Foundation is also keen to secure Evonik's more than 20,000 jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NBCUniversal
NBCUniversal Media, LLC is an American multinational mass media and entertainment conglomerate corporation owned by Comcast and headquartered at 30 Rockefeller Plaza in Midtown Manhattan, New York City, United States. NBCUniversal is primarily involved in the media and entertainment industry. The company is named for its two most significant divisions, the National Broadcasting Company (NBC) – one of the United States' Big Three television networks – and the major Hollywood film studio Universal Pictures. It also has a significant presence in broadcasting through a portfolio of domestic and international properties, including USA, Syfy, Bravo, E!, Telemundo (Spanish), Universal Kids, and the streaming service Peacock. Via its Universal Parks & Resorts division, NBCUniversal is also the third-largest operator of amusement parks in the world. Since 2018, its sister company under Comcast's control, Sky Group Limited, holds its media and telecommunication assets. NBCUniv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Assets Owned By Comcast
Here is a list of assets owned by American global telecommunications conglomerate Comcast. Comcast Holdings Corporation *Xfinity (Comcast Cable Communications, LLC) ** Comcast Business ** Comcast Interactive Media *** StreamSage ** ''Comcast Cable Holdings, LLC'' (formerly ''AT&T Broadband Corporation'') ** ''Comcast MO Group, LLC'' (formerly Media One or ''Bell West'') ** ''Comcast MO of Delaware, LLC'' ** CN900 (Michigan) ** CN81 (Indiana) ** Comcast Wholesale ** Xfinity Mobile ** Effectv ** Xfinity Streampix ** Xumo * Comcast Spectacor operating sports and entertainment venues Spectra** ComcastTIX ** Maine Mariners (ECHL) ** Paciolan ** Philadelphia Flyers *** Gritty *** On the Fly Productions ** Philadelphia Wings ** Philadelphia Fusion (CS Philadelphia OW Team, LLC) ** Wells Fargo Center (Philadelphia) ** T1 Entertainment & Sports (34% with SK Telecom and Highland Capital) *** T1 * In Demand Networks (33.3% with Cox Communications and Charter Communications) * Comcast S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NBC Universal
The National Broadcasting Company (NBC) is an American English-language commercial broadcast television and radio network. The flagship property of the NBC Entertainment division of NBCUniversal, a division of Comcast, its headquarters are located at Comcast Building in New York City. The company also has offices in Los Angeles at 10 Universal City Plaza and Chicago at the NBC Tower. NBC is the oldest of the traditional "Big Three" American television networks, having been formed in 1926 by the Radio Corporation of America. NBC is sometimes referred to as the "Peacock Network," in reference to its stylized peacock logo, introduced in 1956 to promote the company's innovations in early color broadcasting. NBC has twelve owned-and-operated stations and nearly 200 affiliates throughout the United States and its territories, some of which are also available in Canada and Mexico via pay-television providers or in border areas over the air. NBC also maintains brand licensing agr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compass Airlines (North America)
Compass Airlines, LLC was an American regional airline headquartered in Delta Air Lines Building C at Minneapolis−Saint Paul International Airport in Fort Snelling, Hennepin County, Minnesota; prior to December 16, 2009, it was headquartered in unincorporated Fairfax County, Virginia, United States, east of the Chantilly CDP. The airline launched inaugural service with a single Bombardier CRJ-200 aircraft under the Northwest Airlink brand between Minneapolis/St. Paul and Washington, D.C. on May 2, 2007. On August 21, 2007, it began flying two Embraer E175 76-passenger aircraft, and expanded to 36 aircraft by December 2008. Formerly a wholly owned subsidiary of Northwest Airlines and later Delta Air Lines, in July 2010, the company was sold to Trans States Holdings. At the time, Compass was the only remaining airline of the former Northwest Airlines Group. During its 14-year history, Compass Airlines operated over 1.5 million flights. In 2016, at its peak, Compass operated 6 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northwest Airlines
Northwest Airlines Corp. (NWA) was a major American airline founded in 1926 and absorbed into Delta Air Lines, Inc. by a merger. The merger, approved on October 29, 2008, made Delta the largest airline in the world until the American Airlines-US Airways merger on December 9, 2013. Northwest continued to operate under its own name and brand until the integration of the carriers was completed on January 31, 2010. Northwest was headquartered in Eagan, Minnesota near Minneapolis-St. Paul International Airport. After World War II it became dominant in the trans-Pacific market with a hub in Tokyo, Japan (initially Haneda Airport, later Narita International Airport). In response to United Airlines's 1985 acquisition of Pan Ams' Pacific routes, Northwest paid $884 million to purchase Republic Airlines and then established fortress hubs at Detroit Metropolitan Wayne County Airport and Memphis International Airport. With this merger, NWA established the domestic network necessary to f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arcandor
Arcandor AG was a holding company located in Essen, Germany, that oversaw a number of companies operating in the businesses of mail order and internet shopping, department stores and tourism services. It was formed in 1999 by the merger of Karstadt Warenhaus AG, founded in 1920, with Quelle AG, founded in 1927. In 2005, the corporation had about 68,000 employees and annual sales of €15.5 billion. Its stocks were traded on the Mid Cap DAX until September 2009. The company's largest store was Kaufhaus des Westens (KaDeWe) in Berlin, and the largest store operated by Karstadt was in Frankfurt. Arcandor requested financial assistance from the German government, which was rejected by the European Commission on 3 June 2009. On 6 June 2009, the company announced it was no longer able to pay rent for its department stores, which the company had previously sold and leasebacked. Three days later, the company filed for bankruptcy. History On 14 May 1881, Rudolph Karstadt founded his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
