Ann: Trading Halt , page-26

Yeah, well said super.

Did some research on CVC, and these guys look to have all the stuff to get a deal of this sort done. And of course, they have the backing of major shareholders, Telstra and the other biggies.

I reckon there will be 4 or 5 groups at the table, including DD, CVC, Telstra etc... and they will all be working out how they can all make profits from some kind of deal.

I am not sure when Telstra became a major holder of MNZ, and it will be interesting to see what role they play in this. For instance, Deals Direct makes the takeover, Telstra ups their stake via the consolidation and capital raising and ends up owning 30 percent or more, with a view down the track, maybe in 2015, to mount a full takeover IF Deals Direct is successful after the listing.

So that this deal could be all about a future Telstra strategy, a successful online shopping subsidiary without having to create one from scratch, because DD is already getting $60m of deals done each year on the site, but imagine what it would be worth if it became an arm of Telstra and Telstra offered all of it's customers a rewards or points scheme to shop through it? Boom!

Sound like a good business plan to me.

CVC are just venture capitalists anyway, they'll be the middle men, getting all the parties talking together, and then take their cut. So I reckon the real talks might be going on between Telstra, or one of the other 2 top holders, and Deals Direct.

If I was Telstra, this is what I would be doing though.

It's just a hunch though, just some wild thinking. Who knows?

Gw