spin offIf they do spin off into a publc company they will have to file a prospectus detailing their assets and lawsuits. It would be easy enough to put $500m in escrow for past damages but future royalties would be a variable between $5m and $20m per year that creates uncertainty and the slight possibilty of a court ordered injunction would send buyers to the sidelines as low risk is still risk.
Hard to see how they value the Goto division at $4b when they value the whole company at $12b since the goto division only brings in about 20-25% of revenue albeit at a much higher profit margin.