They ‘experienced $1.7 million in acquisition related charges’ (from slide 18, which are EBITDA numbers they added back in as a one-time charge taken for the acquisition), but the slide on page 19 shows $4.8 million for acquisition related charges; that’s the cash they used for the Grab acquisition.
When I posted $1.7 mill just now, I was speaking from memory. I have since searched back, and although my memory tells me $1.7 mill, the only written record that I can now find is one on this BB from Fuzz. Maybe he can very kindly put us out of our misery - or assist our rejoicing !
Grab's problem was scalability; every video had to be watched and metatags added manually - hugely time-consuming and mind numbingly boring. I'd guess that's why no-one else wanted it - CORE was necessary to turn it into a profitable business.
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