Jim Osman, The Edge Group, joins CNBC’s “Fast Money” to discuss the fallout from the Alibaba split.
News & Press
Bloomberg – Alibaba Is Laying the Ground for a Breakup. Amazon and Alphabet Should Do the Same.
Mar 29, 2023
Alibaba Group Holding is radically shaking itself up, which is sending shares higher. Amazon.com and Alphabet , Google’s parent, may want to take note of the plan and the stock’s reaction. Tuesday, the Chinese internet company unveiled a new organization structure. The company is arranging itself into six business units, each with an independent board of directors and CEO. The six include cloud intelligence; internet retail; mapping; transactions; logistics; and digital media, including Alibaba.
Bloomberg – Alibaba Breakup Shows Global Tech Giants a Way to Unlock Value
Mar 28, 2023
A plan to split Alibaba Group Holding Ltd. into six units sent the company’s stock soaring Tuesday while introducing a potential model for global tech giants facing mounting breakup pressures.
Forbes - Why Every Good Stock Market Investor Needs A Breakup
Mar 9, 2023
Divorces, as anyone who has been through one (and I haven’t) will tell you, are expensive. Ask Jeff Bezos. In 2019, Jeff and MacKenzie finalized their separation, which, at roughly $160 billion, set a financial world record that will be difficult to beat. Were they better staying together or are they freed up to realize their real true potential apart? Time will tell, I guess. The structure of human relationships and breakups is something I’m not really an expert on. However, what I have done.
Barron's - Arconic Stock’s Rally Might Just Be Getting Started
Mar 5, 2023
Arconic Corp. (ARNC) investors got a pleasant jolt this past week after The Wall Street Journal reported the aluminum products company was in talks to be acquired by private-equity firm Apollo Global Management (APO). Despite a big gain, the stock still looks like a buy. The Journal reported Apollo (ticker: APO) submitted a bid in February at a “significant premium” to recent levels. Apollo didn’t respond to a request for comment, while an Arconic spokesperson said the company doesn’t comment.
Forbes - Greater Returns Come From Buying Companies, Not Markets.
Feb 13, 2023
One of the most common questions I have been asked in my 33 years of being involved in finance is, “what do you think of the market?” Basically, this translates into, “should I buy now?” Humans have a natural inclination to own things for a variety of reasons, including status and achievement, a sense of security, control and independence, emotional attachment, and self-expression. These reasons help explain why people enjoy owning things and why owning things can be a source of satisfaction.
Bloomberg – Western Digital Share Sale Signals Spinoff Progress
Feb 2, 2023
Western Digital Corp. appears closer to spinning off its flash business after disclosing new details about financing and its strategic review. Earlier this week, the firm detailed a $900 million sale of convertible preferred stock to investors including Apollo Global Management Inc. and Elliott Investment Management. The disclosure provides investors greater insight into a potential transaction after Bloomberg reported that the spun-off unit may merge with Kioxia Holdings Corp. to create a.
Bloomberg – J&J’s Kenvue IPO Sets Up Future Tax-Free Distribution
Jan 9, 2023
Johnson & Johnson’s decision to hold a traditional IPO for its consumer health unit raised some eyebrows on Wall Street due to the moribund new issues market, but analysts say it makes sense when viewed as part of a two-step process. Shares of J&J are down 2.5% since the company filed for an initial public offering of Kenvue Inc. on Jan. 4 after the market closed. The announcement was welcome news for New York’s IPO market, which is coming off its lightest year in decades partly due to a.
The Wall Street Journal – GE’s Spinoff Deserves Healthy Skepticism
Jan 7, 2023
Healthcare spinoffs are everywhere you look these days. Just in the first week of January, Johnson & Johnson’s consumer unit Kenvue officially filed for an initial public offering, GE’s newly spun-off healthcare unit started trading and Baxter announced plans to spin off its kidney care unit. Swiss giant Novartis, meanwhile, is working on spinning off its generic Sandoz business.
Bloomberg – Spinoffs Heat Up as Companies Seek IPO Alternatives
Nov 22, 2022
Slow going in the IPO market is fostering an unusually packed calendar of tax-free spinoffs as companies seek to boost value by floating parts of their business. Fortune Brands Home & Security Inc. climbed 1.5% on Tuesday after its board of directors approved the spinoff of its cabinets business. It’s just the latest in a busy stretch for separations that give stockholders shares in a new publicly traded entity without triggering a tax event.