GameSquare Holdings Sells Frankly Media's Non-Core CMS And PR Distribution Assets For $2.2M, Reducing $2.3M In Annual Operating Expenses
Portfolio Pulse from Benzinga Newsdesk
GameSquare Holdings has sold Frankly Media's non-core CMS and PR distribution assets for $2.2 million, which will reduce its annual operating expenses by $2.3 million.
June 03, 2024 | 12:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
GameSquare Holdings has sold Frankly Media's non-core CMS and PR distribution assets for $2.2 million, reducing its annual operating expenses by $2.3 million.
The sale of non-core assets for $2.2 million and the reduction of $2.3 million in annual operating expenses are positive developments for GameSquare Holdings. This will likely improve the company's financial health and operational efficiency, leading to a potential short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100