In yet another reversal , in December 2006 , Morgan Stanley announced it would spin off Discover as a standalone company by the end of August 2007 .
In August 2005 , the company confirmed it would not sell Discover .
In yet another reversal , in December 2006 , Morgan Stanley announced Discover would spin off Discover as a standalone company by the end of August 2007 .
In August 2005 , the company confirmed it would not sell Discover .