Q: Hi Peter,
Yesterday's announcement by NeuLion that they have reached a deal with Fortress Investment Group to sell certain DivX assets has resulted in the stock jumping about 25% today. The scuttlebutt is that they are trimming down to focus on opportunities involving their OTT technology, and possibly to make the company more saleable to a bigger player. Any thoughts on this, and might it be a good time to buy?
Thanks very much, and Happy Holidays!
Brad
Yesterday's announcement by NeuLion that they have reached a deal with Fortress Investment Group to sell certain DivX assets has resulted in the stock jumping about 25% today. The scuttlebutt is that they are trimming down to focus on opportunities involving their OTT technology, and possibly to make the company more saleable to a bigger player. Any thoughts on this, and might it be a good time to buy?
Thanks very much, and Happy Holidays!
Brad