CVC can likely find the backing through their private equity arm and with director & CFO on both boards ? Yahoo! already bought Spreets 2 years ago - synergistic to bolt the two together ? Look at ownership of DealsDirect as it stands with those through MNZ. Most of this trade sale now on market is likely just traders passing between each other.
Yahoo, Telestra, Alcatel, CVC - 55% - Top 20 82%.
Why still so few sellers if it's outside of a reasonable value ?
With a registry that locked up & lack of those selling into price it can be assumed they still see value & bigger things ahead - any of that 18% free float is really just hitching a ride.
It's unlikely it's simple a case of just taking on Deals Direct business again look for synergies between all companies and stake holders with this para & intention.
"emergence of online retail in Australia continues to disrupt traditional retail channels and in DealsDirect there is significant scale and the opportunity to leverage strong ecommerce capabilities and create value through industry consolidation."
MNZ Price at posting:
$9.40 Sentiment: None Disclosure: Held
