RE: Undermanaged, not undervalued.17 Nov 2021 08:19
That's my thoughts exactly MrH.
I think Covid was a factor in buying Napster, but at that point they almost certainly had a selling price in mind.
Obviously the new app needs to be 'right' for them to get it, but they certainly won't launch it until it is.
Equitory wasn't announced to us until February, but they are likely to have been involved much earlier.
As I said yesterday M & A is what they do.
Offler
Yes you could ask why the previous owners wanted to sell, but then you could ask that about any T/O,
How about - Melody (and their advisors) saw an opportunity.