Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Last September Visa Inc. announced a lessening involvement with Monitise plc (MONI) – prompting us to ask if the US-based company can go it alone who will be next? (see HERE). Today Monitise has announced that Visa Europe Ltd has now also notified it that it will reduce its shareholding over time while continuing to work with the company throughout the duration of its current commercial agreement…
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Comments
MrMoto
An interesting example with controversial figure, Mark Pearson, showing the dangers of paper deals. The price was 56p when the deal was struck in June 2014, now 8p
Will Monitise even still be standing by June 2016 when next payments due? He will be offloading these alongside Visa now I reckon
http://www.growthbusiness.co.uk/the-entrepreneur/be-an-entrepreneur/2469332/the-multimillion-pound-exit-for-voucher-codes-entrepreneur.thtml
http://www.investegate.co.uk/monitise-plc—moni-/rns/acquisition/201406260700115942K/