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The Latest Breaking News from Spinco

Flex Pitches AI Data Center Spin-Off as Power and Cooling Growth Accelerates

Flex (NASDAQ:FLEX) executives used a J.P. Morgan fireside chat to outline the rationale for the company’s latest planned spin-off, describe the growth expectations for the business being separated and frame the remaining Flex as a large, diversified manufacturing and services platform. Revathi Adva

MarketBeat

Avidity Biosciences Soars After $72 Per Share Novartis Takeover

Avidity Biosciences, Inc. (NASDAQ:RNA) stock surged after announcing a $12 billion all-cash acquisition by Novartis AG (NYSE:NVS), marking one of the largest biotech buyouts of the year.

Benzinga

Avidity Shareholders Win Big As Novartis Moves Fast On $12 Billion Deal

Avidity Biosciences, Inc. (NASDAQ:RNA) shares are rocketing premarket on Monday. On Sunday, the company agreed to merge with Novartis AG (NYSE:NVS) in a deal valued at $12 billion on a fully diluted basis.

Benzinga

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KBR Just Approved A Major Breakup Plan

KBR, Inc. (NYSE:KBR) said Wednesday its board approved a plan to spin off its Mission Technology Solutions business, creating two independent public companies. The transaction, expected to be tax-free, is targeted for completion by mid-to-late 2026.

Benzinga

Election guru Steve Kornacki is leaving MSNBC for a new role — but he isn’t going far

Kornacki, along with his signature khakis, became an internet sensation during the 2020 presidential election coverage

The Independent UK

Shake-up for Trump era gives liberal MSNBC a whiter, more centrist look

A new lineup at the cable news channel could lead to a loss of progressive voices and stories affecting people of color

The Guardian - US

No, Rachel Maddow did not have a tearful meltdown reading Musk’s tweet about buying MSNBC

With speculation growing over what the future holds for MSNBC now that its parent company is spinning it off, Elon Musk has mused about buying the liberal cable news channel

The Independent UK

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Elon Musk Sparks Speculation About Buying MSNBC

Elon Musk's remarks on MSNBC, SpinCo's move, potential sale issues, and media ownership concerns.

Top News

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

Two television networks with “NBC” in their names — MSNBC and CNBC — will no longer have any corporate connection to NBC News once a spinoff formally takes effect in about a year

The Independent UK

Stock Market Today: Stocks Close Mixed Amid War Angst, Nvidia Anxiety

Markets went into risk-off mode amid rising geopolitical tensions and high anxiety ahead of bellwether Nvidia's earnings report.

Kiplinger

What the Comcast Cable Spinoff Means for Investors

Comcast has announced plans to spin off select cable networks and digital assets into a separate publicly traded company. Here's what you need to know.

Kiplinger

Comcast to spin off portfolio of cable networks including MSNBC and CNBC

Telco giant plans to keep NBC, though detangling talent and resources from spun-off networks will prove a challenge

The Guardian - US

Comcast Offloads Cable Channels Into New Company Called SpinCo

CNBC and MSNBC are among the channels that will be part of the new company.

International Business Times

Psychedelics Investment Holder Blackhawk Growth Hosts Meeting For Potential Subsidiary Spin-Out

Blackhawk Growth Corp. (OTCMKTS: BLRZF), an investment holding company focused on acquiring and developing high-growth companies in the health, cannabis and psychedelics sectors in the US and Canada, announced it intends to complete a spin-out transaction of its wholly-owned subsidiaries MindBio Therapeutics Pty. Ltd.

Benzinga

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Tribune News Service

In Seattle, Kroger-Albertsons merger raises fears of closures, 'grocery deserts'

Nothing unsettles the average Seattleite quite like the thought of change at the local grocery store.

Benzinga

Medtronic's Portfolio Management Unlikely To Be A 'Magic Bullet,' Says Needham

Needham published a report that pointed to previous comments from Medtronic plc's (NYSE: MDT) management that indicate the potential for changes in the coming year, with a spinoff of a large business considered an option.

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