Vivid Seats Announces Acquisition Of Wavedash For ~$61M In Cash
Portfolio Pulse from Benzinga Newsdesk
Vivid Seats has announced the acquisition of Wavedash for approximately $61 million in cash.
August 07, 2023 | 8:34 pm
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NEUTRAL IMPACT
Vivid Seats, represented by the ticker SEAT, has acquired Wavedash for $61 million in cash. This could potentially impact the company's cash reserves and future earnings.
The acquisition of Wavedash by Vivid Seats could potentially impact the company's cash reserves as the deal is cash-based. This could also affect future earnings depending on the profitability of Wavedash. However, the short-term impact on the stock price is uncertain as it depends on how the market perceives this acquisition.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100