I suppose that the answer to that might be to allow existing shareholders to decide which BabyBill company they want shares in after the breakup. And I doubt it would be a one to one valuation. 1 MSFT share might be 4 MSN shares, or 2 MSApps shares or something like that. In this case, the resultant companies would definately not have the same set of shareholders.
Re:Honor amongst thieves? (Score:1)
Brad