Any potential acquirers know this is a rare opportunity to pick up US market share at a competitive price. If they pass then one of the competitors will snap it up. They can't get their dominant market position through just organic growth, there has to be M&A, all the executives know this. That alone is a big tick for this US sale. Do they really care if its a loss making business? Who isn't burning cash? Its just a land grab and this is a opportunistic time to be buying.
Moelis has successfully executed a number of deals in the US online gaming space over the past few years.
What will happen in the event a sale gets announced which beats market expectations? How big will the squeeze be? If you are still shorting, hats off to you. Maybe it will be pants off when a sale gets announced.
Moelis & Co., page-47
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48.5¢ |
Change
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Mkt cap ! $160.6M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 48.0¢ | $230.6K | 475.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8045 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 75466 | 17 |
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