Good news - strategic move to benefit shareholders* NLN is selling "certain" DivX assets for $41.5 million in CASH.
* DivX generates only a small percentage of the full year's revenue and NLN is getting 2x annual revenues for those assets.
* It will reduce operating costs and headcount - and will add cash to the bank account.
* More importat: Focusing on OTT, NLN is clearly streamlining the business to sell it to a company interested in its OTT assets that wouldn't be interested in getting those DivX assets anyway.
* Overall, very good news. More to come in the near future IMO.