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$2.22 big un limited

Ann: Big to Acquire US Hospitality Platform Tipsly, page-75

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SeekingAlfa

272 Posts.

16/11/17

12:47

Post #: 28850882
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Originally posted by the99% ↑

Big Un Limited (ASX:BIG, or ‘the Company’) is pleased to announce that following a period of due diligence it has agreed to acquire US company Tipsly LLC (Tipsly). Tipsly owns a consumer app and platform (tipsly-app.com) developed for the US drink and hospitality space. Tipsly’s sophisticated mobile application code provides a white label solution and is currently being incorporated into the current Big Review TV consumer video review platform and app. The acquisition will provide the Company with a database of over 140,000 SMEs in the US hospitality vertical and a minimum of US $12m of advertising revenue. The acquisition is subject to shareholder and regulatory approval if required.

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Outstanding acquisition and nice synergy with their strategy. BIG is doing an outstanding job at execution.

BIG Price at posting: $4.20 Sentiment: Buy Disclosure: Held
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