Wikipedia Draft:Fadew Inc

Overview:
Fadew Inc is an American multinational digital conglomerate headquartered in Oakland, New Jersey. It was created through a reconstruction of Fadewblogs Inc., EDL Group on January 10th, 2017, and became the parent company of Fadewblogs and several EDL Group subsidiaries. The founder of Fadewblogs and co-founder of EDL Group, Shoaib Rahaman continued to remain as the controlling shareholder, board member, and employee at Fadew Inc.

History:
On January 10th, 2017, Fadewblogs and EDL Group announced plans to create a new public holding company, Fadew Inc. Fadewblogs CEO and EDL Group’s co-founder Shoaib Rahaman announced this in a blog post on Fadewblogs. Fadew Inc. would be created to restructure Fadewblogs, EDL Group by moving subsidiaries from Fadewblogs and EDL Group to Fadew Inc., narrowing Fadewblogs’s and EDL Group’s scope. The company would consist of Fadewblogs as well as other businesses including Fadew Science, Fadew Help, Fadew Play, Fadew News, Fadew Sports, Fadew Tech, EDL Magazine, EDL Tech, EDL Science, and Seezee.

In his announcement, Shoaib described the planned holding company as follows:"Fadew Inc. is mostly a collection of companies. The largest of which, of course, is Fadew. This newer Fadew is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Fadew Inc. instead. … Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related."Shoaib says the motivation behind the reorganization is to make Fadewblogs and EDL Group “cleaner and more accountable and better”. He also said he wanted to improve “the transparency and oversight of what we’re doing”, and to allow greater control of unrelated companies.

Before it became a subsidiary of Fadew Inc., Fadewblogs Inc., and Enside Digital Limited Group (EDL Group) was first structured as the owner of Fadew Inc. The roles were reversed after a placeholder subsidiary was created for the ownership of Fadew Inc., at which point the newly formed subsidiary was merged with Fadewblogs and Enside Digital Limited Group.

Stock:
Fadewblogs’s and Enside Digital Limited Group’s stock was then converted to Fadew Inc.’s stock. Under the Delaware General Corporation Law (where Fadew Inc. is incorporated), a holding company reorganization such as this can be done without a vote of shareholders, as this reorganization was. The restructuring process was completed on January 2, 2017. Fadew Inc. retains Fadewblogs Inc.’s and EDL Group’s stock price history and continues to trade under Fadewblogs Inc.’s former ticker symbols “FDLGS” and “EDLG”; both classes of stock are components of major stock market indices such as the S&P 500 and NASDAQ-100.