GameSquare Holdings Enters into a Definitive Agreement With SoCast, Inc. to Sell Its Non-Core Radio Business Assets; SoCast Will Pay $4M For The Deal; Transaction To Close By November-End
Portfolio Pulse from Benzinga Newsdesk
GameSquare Holdings has entered into a definitive agreement to sell its non-core radio business assets to SoCast, Inc. for $4M. The transaction is expected to close by the end of November.
November 10, 2023 | 12:12 pm
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POSITIVE IMPACT
GameSquare Holdings is selling its non-core radio business assets to SoCast, Inc. This could potentially streamline the company's operations and improve its financial position.
The sale of non-core assets is often seen as a positive move for a company as it allows them to focus on their main business operations. In this case, GameSquare Holdings is selling its non-core radio business assets, which could potentially streamline its operations and improve its financial position. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100