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Samsung might split in two

Samsung corporate logo, Samsung to split in two
Samsung logo
An unnamed source quoted by a South Korean newspaper revealed that Samsung Electronics could follow the advice of US activist hedge fund Elliott Management and split in two, but nothing is official yet.

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Samsung is going through a lot these days, and in a few years, it might be a completely different company. They recently dropped the printers division, and now it looks like the PC business is the next in line. However, some recent rumors also claim that Samsung might soon follow an advice received two months ago and split in two.

According to Reuters, US hedge fund Elliott Management "wants Samsung Electronics to divide into a holding vehicle for ownership purposes and an operating company, pay a $26 billion special dividend, pledge to return at least 75 percent of free cash flow to investors and agree to appoint some independent directors."

For now, the company declines to comment. They only mentioned some time ago that this proposal is being carefully considered. Earlier today, HI Investment issued a report saying "Even if Samsung Electronics does not comment on specifics such as the timing of a split ... the firm will at least say it will implement ownership structure changes in a reasonable manner."

Since Samsung's board of directors is expected to meet tomorrow and offer a formal response to the proposal mentioned above, we might get back to this story in just a few days, so stay tuned.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 11 > Samsung might split in two
Codrut Nistor, 2016-11-28 (Update: 2016-11-28)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.