S&P Global Drops 0.15% on Spin-Off Plans

Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 30, 2025 9:16 am ET1min read

On April 30, 2025,

experienced a slight decline of 0.15% in pre-market trading, reflecting a cautious sentiment among investors.

S&P Global is considering a strategic move to spin off its automotive intelligence business, Carfax. This decision aims to streamline operations and focus on core competencies, potentially enhancing operational efficiency and shareholder value. The market anticipates that this restructuring will better position the company in the face of global economic shifts.

In addition to the automotive intelligence business, S&P Global has announced plans to separate its mobile division into an independent publicly traded company. This move is designed to optimize the business

and enhance market competitiveness. The new entity will operate with greater flexibility, concentrating on the growth of the mobile sector. The exact timeline and details of the separation are yet to be disclosed.

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