Tech
Samsung may split into two, reports say
Reports making the rounds suggests that Samsung is reportedly considering splitting itself into two as proposed by Elliott Management, the US hedge fund management firm.
According to reports, the proposal is to have a holding company for ownership purposes and another for operations.
Read also: Next generation robots won’t try to kill humans, study finds
The company’s board of directors is expected to decide on Elliott’s proposals on Tuesday (29 November).
The Korean Exchange has asked Samsung to clarify whether it is planning a split or not by 6pm GMT, reports Reuters.
The split would allow the Lee family to strengthen their grip on Samsung, the global smartphone maker.
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