VENTURE CAPITAL POST

ANother celebrity break-up is between The Weekend and Bella Hadid.

Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.

Split, the anti-social app that helps people avoid potentially awkward encounters has raised $1 million for its seed round from well-known private investors, a statement about the funding said.

Coca-Cola Co's decision to split its bottling division and franchising unit had elicited mixed reactions from analysts and the financial markets. Coca-Cola Co reasoned that it intends to go back to its traditional franchising model after the separation has been completed.

According to its Chief Executive Officer and Chairman Thomas Falk, Kimberly-Clark decided to spin off its healthcare division as the division no longer fit in the strategic and growth priorities of the company.

News Corp, where 7% is owned by Prince Alwaleed Bin Talal,reported an increase in annual income.

News Corp announced it is splitting its entertainment business from its publishing empire.