(All big banks are holding companies with multiple subsidiaries).
The investigators did not find Apple had broken any laws, but they questioned its use of multiple subsidiaries in Ireland to report profits when those subsidiaries had no offices or other physical presence in the country.
Comverse Technology had multiple subsidiaries: Comverse, also known as Comverse Network Systems or Comverse CNS, is a provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications.
The former British prime minister was also reported to have taken on an advisory role to Egyptian President Fattah el-Sisi as part of a Cairo-based UAE funded program, although his consultancy company Tony Blair Associates (TBA), an umbrella with multiple subsidiaries, denied that he was being paid for the work.
"Launching three simultaneous exchange offers is certainly unconventional but our path in creating this company certainly could not be considered anything otherwise since we have assembled over these few years both a group of profitable interactive businesses as well as an unusual structure of multiple public subsidiaries," Diller said in a statement.
The case is seemingly complex, as it involved multiple owners, numerous subsidiaries, and an array of jurisdictions.
The median sale price of a co-op in Westchester last year was $100,000, according to figures from the Westchester Putnam Multiple Listing Service, a subsidiary of the Westchester County Board of Realtors and the Putnam County Association of Realtors.
The company is said to be shopping itself around and should command a higher multiple than its Australian subsidiary, which recently sold for $58 million, eight times operating earnings (net before interest, taxes and depreciation).
The Justice Department has said that companies with hundreds of thousands of employees, operations in multiple countries and many subsidiaries have only three options for integrated financial and human resource software: Oracle, PeopleSoft and SAP of Germany.
