Category: spin
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Intel to spin off venture capital arm
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Intel is parting ways with another asset in the company’s shake-up over the past year, as its management seeks to focus on its core business. The chip company is spinning off its venture capital arm Intel Capital, which is active in Israel, where its portfolio includes Amnon Shashua’s artificial intelligence…
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Intel to spin off RealSense as Israel-based startup
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In August 2021, even before major rounds of layoffs, Intel announced that it would shut down its RealSense 3D depth camera division based on its acquisition of several Israeli startups, most of whose employees were in Israel. Some employees were laid off but the activity was not stopped but kept…
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Comcast to proceed with plans to spin off its cable channels, sources say
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By Don Chmielewski (Reuters) – Comcast Inc. is moving forward with plans to spin off its NBC Universal cable TV networks including MSNBC and CNBC, sources say, shedding a key part of the business that has been a victim of the live video revolution. The company told investors last month…
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Safaricom condition throws M-Pesa split push into a spin
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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 Central Bank of Kenya (CBK) which has been lobbying for the deal.…