Google's Potential Breakup Could Unlock 20% Value, But Search Giant Likely Won't Pursue Split Voluntarily, Says Top Analyst: 'Probability...Is Exceptionally Low'
Google's Potential Breakup Could Unlock 20% Value, But Search Giant Likely Won't Pursue Split Voluntarily, Says Top Analyst: 'Probability...Is Exceptionally Low'
Deepwater Asset Management's managing partner Gene Munster said that the potential breakup of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) could unlock substantial value for the company.
Deepwater資產管理的管理合夥人吉恩·芒斯特表示，Alphabet Inc.（納斯達克代碼：GOOG）（納斯達克代碼：GOOGL）的潛在分拆可能會爲公司釋放巨大價值。
What Happened: On Wednesday, Munster joined CNBC's 'Fast Money' to discuss the potential implications of a Google breakup. "I think this could unlock 20% of value."
發生了什麼：週三，芒斯特參加了CNBC的「快錢」節目，討論了Google分拆的潛在影響。 "我認爲這可能會釋放20％的價值。"
According to Munster, the most likely scenario would involve Google separating its ad network, which he referred to as the "ugly piece" of the business.
根據芒斯特的說法，最有可能的情況是Google分離其廣告網絡，他稱其爲業務的「醜陋部分」。
Despite contributing 11% of the company's revenue, this segment has been on a decline and has long been speculated to be a target for a breakup by regulators, said Munster.
芒斯特表示，儘管這一業務貢獻了公司11％的營業收入，但其萎縮並一直被認爲是監管機構拆分的目標。
"Where does Gemini fall in a potential breakup? And most likely that goes with the Search business, which is where ... more than half the value is today," he said.
"在潛在的分拆中，Gemini在哪裏？最可能與搜索業務一起，這是今天價值超過一半的地方，"他說。
He also discussed the cultural aspect of Google, stating that the company has lost some of its sparks and a breakup could reignite the urgency around different business segments.
他還討論了Google的文化方面，稱公司失去了一些創新，並表示分拆可能會重新點燃不同業務領域的緊迫感。
However, he also noted that the probability of Google voluntarily breaking up is "exceptionally low."
但是，他還指出Google自願拆分的可能性"極低"。
While a $GOOGL break-up could be in the company's best interest, the tech giant likely won't split into smaller parts willingly, says @deepwatermgmt's @munster_gene. He assesses the potential impact: pic.twitter.com/TVBqSkxVPU
— CNBC's Fast Money (@CNBCFastMoney) August 14, 2024
Deepwatermgmt的munster_gene表示，雖然$ GOOGL的分拆可能符合該公司的最佳利益，但這家科技巨頭不太可能自願分裂成更小的部分。他評估了潛在影響：pic.twitter.com/TVBqSkxVPU
——CNBC的「快錢」（@CNBCFastMoney）2024年8月14日
Why It Matters: The potential breakup of Google has been a topic of discussion among analysts and investors in light of the Department of Justice's (DOJ) investigation into Google's dominance in the search market.
考慮到司法部對其在搜索市場中占主導地位的調查，Google的潛在分拆一直是分析師和投資者討論的話題。
Previously, Jefferies analyst Brent Thill also said that a breakup or business separation could benefit shareholders. "We don't believe a full breakup would happen. Even if it did, it would be good for shareholders because the sum of the parts is greater than the whole."
此前，傑富瑞分析師布倫特·希爾也表示，分拆或分業可能有助於股東。 "我們不相信會進行全面分拆。即使這樣，股東仍將受益，因爲零部件的總和大於整體。"
Wedbush's Dan Ives also stated that a breakup of major tech companies is "highly unlikely," adding that he expects "business model tweaks and heavier scrutiny of M&A."
Wedbush的丹·艾夫斯還表示，大型科技公司的分拆"極不可能"，並補充說他預計"業務模式調整和更嚴格的併購審查。"
Price Action: At the time of writing, Alphabet's Class A and Class C shares were both slightly down, trading at $159.75 and $161.48. During the regular session, Class A and Class C shares closed at $160.37 and $161.03, respectively, according to Benzinga Pro data.
價格走勢：截至撰文時，Alphabet的A類和C類股票均略有下降，分別交易於159.75美元和161.48美元。據Benzinga Pro數據顯示，在常規交易中，A類和C類股票分別收於160.37美元和161.03美元。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用Benzinga Neuro製作，並由Benzinga編輯審核和發佈。
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