Cardlytics ($CDLX): Kigo Acquires Entertainment from CDLX (Research Note #212)
Today, December 12, 2023, it was announced CDLX sold Entertainment to Kigo, a subsidiary of Augeo.
Market Cap as of 12.12.2023: ~$8.01 / Share x 39.3M Shares ~ $315M Market Cap.
(#212): Kigo Acquires Entertainment from CDLX
Today, December 12, 2023, it was announced CDLX sold Entertainment to Kigo, a subsidiary of Augeo.
The following CDLX Research Note will discuss:
About Entertainment (price paid, why CDLX acquired)
Why Kigo acquired it from CDLX
What CDLX did with Entertainment
Why CDLX sold (CDLX IR comments + other possible reasons)
Potential price (including what CDLX said)
Thoughts on the sale