Newsletter Subscribe

Bringing you thought leadership, news, infographics, resources and our own brand of comics each week to your inbox...

Samsung Electronics Considering Split

South Korea’s Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.

A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire. Elliott proposed a split in October to boost shareholder value.

Samsung’s board of directors will meet on Tuesday and respond to Elliott’s proposals, the newspaper said. The Korea Exchange separately asked Samsung to comment by 6 p.m. (0900 GMT) on whether it planned a spinoff…

Read Full Article: Reuters

About CloudBuzz

Daily tech news snapshots and insights from around the world...

View Website

Your Biggest Data Security Threat Could Be….

Paying Attention To Data Security Your biggest data security threat could be sitting next to you… Data security is a big concern for businesses. The repercussions of a data security breach ranges from embarrassment, to costly lawsuits and clean-up jobs - particularly when confidential client ...
Read More