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Tag: spinoff
Ebay, PayPal agree cooperation post spin-off
2015-04-10 09:25:00| Telecompaper Headlines
(Telecompaper) Ebay announced the next step in its planned spin-off of PayPal with the filing of an updated Form 10 with the Securities and Exchange Commission (SEC). The filing includes an updated summary of the operating agreement between eBay and PayPal, which details how the two companies will continue to partner with one another and provides additional information about the prospective financial impact of the agreements between the two companies. The operating agreement which will remain in effect for five years and have a one-year transition period is aimed at preserving the benefits of the existing relationship and ensuring that the separation is seamless for customers of both companies. Ebay said it offers flexible terms in order to preserve synergies, but will allow each company to pursue its own commercial strategy. For example, PayPal can work with all commerce/marketplace companies and eBay can offer its customers alternative payment providers. Ebay will be incentivized to grow new PayPal users. "Limited" non-compete agreements will still apply, such as PayPal cannot create its own marketplace for physical goods, and eBay cannot create its own payments system on the core eBay platform. A product development agreement means that PayPal will devote resources to develop new products for eBay, and eBay and PayPal will maintain service level agreements. In addition, eBay board member Tom Tierney was named chair of the new eBay board, replacing eBay founder Pierre Omidyar. Omidyar will serve on both the eBay and PayPal boards in a non-chair capacity. The aim is for the spin-off to take place in the second half of 2015.
Marvel Entertainment Developing Agents of S.H.I.E.L.D. Spin-Off
2015-04-09 20:45:41| Toys - Topix.net
Entertainment Weekly brings word today that Marvel Entertainment is quietly developing a spin-off to their hit TV series "Marvel's Agents of S.H.I.E.L.D." Executive producer Jeffrey Bell and writer Paul Zbyszewski are shepherding the series together, though there's no word on who or what will be the focus. The magazine does note that, unlike "The Flash" or "Arrow," there are no plans to incorporate a backdoor pilot into the remaining episodes of Season Two; however, "story elements" for the proposed series are said to be upcoming in future episodes of "S.H.I.E.L.D." So be on the lookout for possible clues.
Tags: entertainment
developing
agents
shield
MeadWestvaco-RockTenn: Spin-Off Creates Shareholder Opportunity
2015-04-03 05:01:10| Paper - Topix.net
MeadWestvaco is a global packing supplier that operates facilities in 30 countries. The company also operates a specialty chemicals business that markets asphalt additives and compounds used for purification of water and beverages as well as other products.
Tags: opportunity
creates
shareholder
spinoff
America Movil pushes on with towers spin-off
2015-04-02 02:00:00| Total Telecom industry news
Mexican operator's shareholders to vote on separation of passive infrastructure business.
Tags: america
towers
pushes
movil
America Movil proposes Mexican towers spin-off
2015-04-01 20:17:00| Telecompaper Headlines
(Telecompaper) America Movil announced that it will propose a spin-off of assets relating to its mobile telephony business in Mexico to shareholders at a meeting scheduled for 17 April. The newly created company will include mainly passive infrastructure used by its Mexican mobile unit Telcel, as well as take over part of the company's debt. It would be listed separately on the stock market. America Movil aims to complete the spin-off by May or June, the company's CEO Daniel Hajj previously said during a conference call with investors in February. The move is expected to open up the infrastructure to use by other operators and help free America Movil from some of the new regulations in Mexico aimed at reigning in its dominant position.
Tags: america
mexican
towers
proposes
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