“Samsung Electronics has confirmed it is considering dividing the company into two separate firms,” BBC News reports. “Restructuring pressure had been mounting after the Note 7 fiasco.”
“In October, the company was forced to stop production of its flagship smartphone model after failing to resolve battery problems leading to overheating and the devices catching fire,” The Beeb reports. “Samsung said it would bring in ‘external advisers to conduct a thorough review of the optimal corporate structure.'”
“The company’s statement comes after US activist hedge fund Elliott Management called for the firm to split into a holding unit for ownership purposes and a separate operating company,” The Beeb reports. “The fund argued that a split would simplify the company structure making it easier to get a clear valuation of the firm’s assets.”
Read more in the full article here.
MacDailyNews Take: How to make money from thin air: Take ’em apart, then put ’em, back together. Rinse and repeat.
Can they get an anti-copycatting czar installed on the board, at least?
SEE ALSO:
Samsung has no clue why their phones explode, yet they shipped replacements anyway, assuring their customers they were safe – October 14, 2016
It may split in two from an unexpected SamSplosion anyways.
Just close it down and give it to the shareholders.
Exploding and Non-Exploding?
Blow it to smithereens…