Latest Spin-offs News

Caesars spinoff VICI closes on big Vegas Strip property deal

May. 07, 2022 15:39 PM EDT

LAS VEGAS (AP) — A big casino landlord closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip. Caesars Entertainment spinoff VICI Properties said April 29 that it completed its $17.2 billion buyout of...

Ford CEO: No plan to spin off EV business, but change coming

Feb. 23, 2022 17:59 PM EST

DETROIT (AP) — The CEO of Ford Motor Co. says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales. Ford CEO Jim Farley told the Wolfe Research...