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NEULION, INC. T.NLN

"NeuLion Inc is a technology product and service provider that offers digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices."


TSX:NLN - Post by User

Comment by Insearchofvalueon Dec 19, 2017 6:30pm
203 Views
Post# 27191423

RE:RE:RE:Halted

RE:RE:RE:HaltedActually 36 million in revenue for the nine months ending September 30, 2017, and that would include the UFC mess!  So I would say the purchase price is considerably less then sales if you considered 12 months of sales.  see below

"Pursuant to the Purchase Agreement, NeuLion will sell certain DivX assets, intellectual property and subsidiaries to Fortress for cash consideration of $41.5 million, subject to adjustment as specified in the Purchase Agreement.  These assets accounted for approximately $15.0 million and $20.7 million of the company’s consolidated GAAP revenues for the nine months ended September 30, 2017 and the year ended December 31, 2016, respectively.  NeuLion also expects to significantly reduce employee headcount across various departments of the company that have been assigned to DivX.  The transactions contemplated by the Purchase Agreement are expected to close during Q1 2018."
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