UTStarcom Starts Investigating Exit Strategies
Oct 12, 2006, 2:20 PM by (staff)
UTStarcom has contacted investment firm Merrill Lynch to help it explore strategic options to increase shareholder value. Merrill Lynch will likely investigate the sale of the company, a merger, or spin off of specific units. Although UTStarcom's phone unit has been slowly launching new handsets and recently won the distributorship for Pantech handsets in the Americas, some of the company's other units have been failing. It is possible that UTStarcom will attempt to spin off some of these less successful units instead of selling off the company or merging.
Samsung Plans to Sell Refurbished Galaxy Note7
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LeEco Founder Steps Away from CEO Role
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Opera Divests TV Business
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Sony Still Weighing Sale of Smartphone Business
Sony today announced plans to spin off its audio and video business into a separate company. The unit will take the form of a wholly owned subsidiary of Sony.
Imagination to Divest Biz Units In Wake of Losing iPhone Contract
Imagination Technologies said it plans to sell two of its business units and strengthen its balance sheet before its years-old partnership with Apple expires. Earlier this year Apple told Imagination Technologies that it will no longer need the company's GPUs for the iPhone in 15 to 24 months time.