What is current status of proposed spinoff of Classmates?
Is there any proposed/probable date?
I like the runup. Does it signify any movement on spinoff?
Thx and LOL.
The problem with divestitures, it seldom provide profits for any companies. So, how much would it cost UNTD to rid itself of all this losing entities ?
My concern is profits to myself.
Spinoff of Classmates doesn't seem to be value added.
What should UNTD do? Sell Classmates to social media company. Sell/close internet access division. Keep and grow FTD.
Of course, what I would like to know is what is potential upside pps after "spinoff" is announced. Bear in mind, during Q3 CC, Chairman said spinoff should be done by August, 2013.