Sphere Entertainment to Divest Commercial Division to NMI, for Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Sphere Entertainment has announced its decision to sell its Commercial Division to NMI. The terms of the deal have not been disclosed. The sale will allow Sphere to focus on delivering fully-integrated payment and software experiences for the healthcare and not-for-profit sectors and other complex markets.
October 12, 2023 | 11:19 am
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Sphere Entertainment's decision to sell its Commercial Division to NMI could potentially streamline its operations and allow it to focus on its core sectors such as healthcare and not-for-profit.
The sale of the Commercial Division could potentially streamline Sphere's operations and allow it to focus on its core sectors. This could lead to improved efficiency and profitability in the long run, which could have a positive impact on its stock price.
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