25 September 2017
visit www.avoka.com

Monitise ends plan to sell content biz

01 June 2016  |  5612 views  |  3 Graph with fingers measuring

Shares in Monitise have taken a dive after the mobile banking firm revealed it has ended talks to offload its marketing content business Markco Media.

In March Monitise revealed that it was in "very early stage" discussions on the disposal of Markco Media, the parent company of coupon and deal site MyVoucherCodes.co.uk, which was acquired in 2014 in a deal that could rise to £55 million.

News of the potential sell off sent shares in the troubled UK outfit - which has yet to turn a profit in its 13 years - soaring nearly 40%.

But shares went south again on Tuesday, dropping around eight per cent after a statement said that the sale discussions have ended.

"The Content business is performing strongly and, together with the expected growth prospects for the Content business, Monitise has concluded that greater shareholder value can be delivered by retaining the Content business within the Group," says Monitise.
KeywordsFINDEX

Comments: (3)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 01 June, 2016, 19:24

40% up and 8% down. Not a bad red herring, I'd say!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 02 June, 2016, 09:55

Pump and dump?  it would be very interesting to see what sort of share  trading went on around these announcements if there was not an embargo

1 thumb up! 1 thumb up! (Log in to thumb up)
A Finextra member
A Finextra member | 02 June, 2016, 09:58

never has a company been so inappropriately named....  the string of finextra articles below could represent one of the longest suicide notes in history 

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Monitise shares shift up on talks of content business sale

Monitise shares shift up on talks of content business sale

04 March 2016  |  6482 views  |  1 comments | 3 tweets
Monitise CEO Buse to step down as losses rack up

Monitise CEO Buse to step down as losses rack up

09 September 2015  |  5530 views  |  1 comments | 5 tweets | 3 linkedin
Visa Europe to sell Monitise stake

Visa Europe to sell Monitise stake

08 July 2015  |  6590 views  |  0 comments | 12 tweets | 10 linkedin
Monitise shifts strategy as revenues dip

Monitise shifts strategy as revenues dip

06 July 2015  |  4305 views  |  0 comments | 6 tweets | 4 linkedin
Lukies out as Monitise pulls back from sell off

Lukies out as Monitise pulls back from sell off

25 March 2015  |  5920 views  |  2 comments | 3 tweets | 3 linkedin
Monitise gets £49.2 million boost from Santander, Telefonica and IBM

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

27 November 2014  |  18359 views  |  1 comments | 19 tweets | 19 linkedin
Monitise revenues rise but losses grow

Monitise revenues rise but losses grow

15 September 2014  |  4900 views  |  0 comments | 7 tweets | 3 linkedin
Monitise transfers hundreds of UK employees to IBM

Monitise transfers hundreds of UK employees to IBM

27 August 2014  |  9699 views  |  2 comments | 8 tweets | 4 linkedin
Monitise acquires loyalty discount business Markco Media

Monitise acquires loyalty discount business Markco Media

26 June 2014  |  6131 views  |  0 comments | 6 tweets | 6 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.ncr.comvisit www.sibos.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
11282 views comments | 15 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
9036 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8850 views comments | 19 tweets | 27 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8545 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7146 views 2 | 10 tweets | 1 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job