Are we sure it isn't April 1st? Are we sure this press release isn't a hoax?
This is so wild I'm having trouble believing any of it.
Are we sure it isn't April 1st? Are we sure this press release isn't a hoax?
This is so wild I'm having trouble believing any of it.
That would be no joke if that was a reason to do it.
But that's just my best guess
That is also a common (mandatory?) setup, for multinational companies to have a local subsidiary in every country where they operate. I guess institutions like the EU must be handle that and focus on the activity independently of the fine details of the company structure, so that the restructuring would not really help or hinder.
[0] http://www.sec.gov/Archives/edgar/data/1288776/0001193125070...
Seperation at the marketing end for ad services, or for purposes of tax optimisation, does not really alleviate any of the antitrust concerns. It's the services that matter. Google's main ad business and search being in the same company for example.
So the current EU subsidiaries would not have an effect on the EU investigation, but this current plan might.
Either way, WOW!
Btw, i was thinking Amazon A2Z was doing this virtually.
W is for Wing
X is for X Lab
Y is for ...
It's up 5.88% (or $26bn) in after hours trading.