Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun business A new company, especially one spun-off from or replacing an existing company as a
legal fiction to maintain ownership over an entity while separating it from the old company financially. - noun business A
placeholder name for a business in textbooks.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
Support
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Examples
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One source told the Morning Advertiser: "The 'newco' has paid a lot of those creditors as part of establishing new commercial supply terms - all comedians who performed at its comedy clubs, for example, were paid in full."
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One source told the Morning Advertiser: "The 'newco' has paid a lot of those creditors as part of establishing new commercial supply terms - all comedians who performed at its comedy clubs, for example, were paid in full."
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The "newco" will also get other Argentinean exploration properties and $25 million in working capital.
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One source told the Morning Advertiser: "The 'newco' has paid a lot of those creditors as part of establishing new commercial supply terms - all comedians who performed at its comedy clubs, for example, were paid in full."
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If these folks dump their "newco" shares, I may be standing there to take some off their hands.
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The "newco" will also get other Argentinean exploration properties and $25 million in working capital.
Gold & Precious Metals Sector and Stocks Analysis from Seeking Alpha 2010
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The "newco" will also get other Argentinean exploration properties and $25 million in working capital.
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If these folks dump their "newco" shares, I may be standing there to take some off their hands.
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If these folks dump their "newco" shares, I may be standing there to take some off their hands.
Gold & Precious Metals Sector and Stocks Analysis from Seeking Alpha 2010
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One source told the Morning Advertiser: "The 'newco' has paid a lot of those creditors as part of establishing new commercial supply terms - all comedians who performed at its comedy clubs, for example, were paid in full."
bilby commented on the word newco
Wikipedia suggests "NewCo is a generic name used to refer to corporate spin-off and startups before they are assigned a final name."
I've come across this term a few times recently in relation to the financially-stricked Scottish football club Glasgow Rangers.
"Thirteen players reported for the first day of pre-season training at Rangers' Murray Park training ground, the club's media team has confirmed. However, three of those players are out of contract and their future is unclear under Charles Green's newco club.
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At least 10 players have objected to a transfer from soon-to-be-liquidated Rangers to the newco club, with John Fleck and Juan Manuel Ortiz joining those ranks yesterday."
- PA Sport, 'Reduced Rangers squad reports for training', theworldgame.com.au, 28 June 2012.
June 28, 2012