OPINION
Large Companies Leaving Delaware in Droves: 20 Companies Valued at $100 Million or More Have Announced Plans to Leave in Past Two Years
Dear Friends,
While AMC Networks became the 10th company to announce it may leave Delaware this year, it turns out 20 companies have announced plans to leave since 2023. Half of those companies have said so in 2025 alone. Scary numbers no matter what, folks.
What can Delaware do to slow or stop this? Delaware legislators passed Senate Bill 21 (SB21) this year. Is that helping or will it help? Please share your thoughts on this, they’re always valued and appreciated.
Please click on the X link from Professor Robert Anderson below.
Respectfully Yours,
JUDSON Bennett–Coastal Network
https://x.com/ProfRobAnderson/status/1909635522441494786
Robert Anderson
@ProfRobAnderson
List of companies that have proposed reincorporating from Delaware to other states since 1/1/23, with greater than $100m market cap:*
•TripAdvisor (4/10/23, to Nevada, passed, litigation)
•Cannae Holdings (4/14/24, to Nevada, passed)
•Fidelity National Federal (4/15/24, to Nevada, failed)
•Tesla (4/17/24 to Texas, passed)
•P.A.M. Transportation (6/7/24, to Nevada, passed)
•Trade Desk(9/23/24, to Nevada, passed)
•DropBox (1/31/25, to Nevada, passed)
•Trump Media(2/21/25, to Florida, passed)
•Simon Property Group(3/21/25, to Indiana, pending)
•Tempus AI(3/28/25, to Nevada, pending)
•Zion Oil (3/28/25, to Texas, pending)
•Roblox (4/2/25, to Nevada, pending)
•Sphere Entertainment (4/3/25, to Nevada, pending)
•Xoma Royalty (4/4/25, to Nevada, pending)
•Madison Square Garden Entertainment (4/7/25, to Nevada, pending)
•Madison Square Garden Sports (4/7/25, to Nevada, pending)
*The list may be incomplete.(He plans) plan to post new versions as information comes in.