TMUS shares rose 3.23% on July 1, rebounding from a recent 52-week low, while SPGI shares closed up 7.99% after completing the spin-off of its Mobility division into an independent entity. This spin-off is expected to sharpen S&P Global's focus on its core ratings and AI-enabled products. On July 5, the spin-off was completed, creating a new public company, Mobility Global Inc. (MBGL), with projected revenues of $13.589 billion for 2025.
S&P Global reports $13.589 billion in pro forma 2025 revenue after successfully spinning off its Mobility unit into a new public entity.
Read the full storyS&P Global completed the spin-off of its Mobility division into a new entity to sharpen its focus on core credit ratings and AI-driven growth.
TMUS rebounded from a recent low, while SPGI jumped after completing its Mobility spin-off and refocusing on core businesses.