Rumours that Google have approached Team Internet AG who is 90% owned by Matomy Media Group about a $120m offer for the entire company.
That means currently #MTMY stake is worth $108m versus a market cap of $5m
From Twitter
The Company’s and Team Internet's managements suggest that it will be possible to sell Team Internet for substantially higher amounts than those offered today. Company’s management recommends completing the proposed plan and only thereafter pursuing an active sale.
"The Company received two offers for the acquisition of Team Internet" "The two offers are generally similar in timeline but differ in the offered amounts and structure ? Purchase of the shares of TeamInternet held by Matomy or purchase of assets"
#MTMY
Bondholders have agreed to give $10m funding at no dilution to complete purchase of Team Internet
This should be trading back at 60-65p once news out
Posted by Alice Serrano
Think patience will pay off here (hopefully). We all know news should be coming soon, limited shares in circulation, moves on small volume, placing shares nearly cleared.. hold tight.
Interesting to see larger buys now coming through in recent sessions..
Hopefully in the New Year we can see some progress on these multiple fronts.
Although we offer a powerful analytic engine as part of our standard offering we are developing new product features to take advantage of advances in Artificial Intelligence and Machine Learning. In turn this may lead to development of new revenue streams.
In the period the Company received approaches from several individuals and companies proposing a range of interesting product development initiatives, some of these are being progressed and could lead to interesting developments for the Company. We see joint ventures as one realistic way the business can be developed at a faster pace and less expensively than as a stand-alone entity and we will continue to explore this as a route to develop our product set.
Yes mate - some big players on that list. Very excited about this share mate. Il be getting in tomorrow, I think below 1.5 is still a fantastic entry point weighing everything up. Placing out the way, we can motor ahead. Wonder how many shares left to clear still...
Thanks for that Scully. Been looking through the recent RNS’s, notably the recent contract award which is excellent, are we expecting similar contracts in terms of revenue? Where do you see this share price going upon news? Thanks for your input mate.