Vinco Ventures shares are trading lower following a Wall Street Journal report suggesting Vinco's deal to buy the National Enquirer collapsed.
Portfolio Pulse from Benzinga Newsdesk
Vinco Ventures' deal to acquire the National Enquirer has reportedly collapsed, according to a Wall Street Journal report. This news has led to a decrease in Vinco Ventures' share price.
July 10, 2023 | 1:27 pm
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Vinco Ventures' failed acquisition of the National Enquirer has negatively impacted its stock price.
The collapse of the acquisition deal is a significant setback for Vinco Ventures, which was likely banking on the acquisition to boost its portfolio and market presence. This has led to a decrease in investor confidence, reflected in the drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100