Veltyco has agreed to acquire Marsovia Holding Ltd, which owns a database of 43,500 online financial trading customers, for a consideration of €4m, offset against an outstanding loan and receivable owed to VLTY by Altair Entertainment, so the deal is cash neutral for VLTY. Favourable user acquisition cost of €92 (€154 per active), where the average customer acquisition cost in financial trading (FX/CFDs) is c. €665. Implies a quick payback and a high ROI.
25 May 2018
Expanding own brands & trading confirmation
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Expanding own brands & trading confirmation
B90 Holdings plc (B90:LON) | 3.1 0 0.0% | Mkt Cap: 13.6m
- Published:
25 May 2018 -
Author:
Michael Campbell -
Pages:
9
Veltyco has agreed to acquire Marsovia Holding Ltd, which owns a database of 43,500 online financial trading customers, for a consideration of €4m, offset against an outstanding loan and receivable owed to VLTY by Altair Entertainment, so the deal is cash neutral for VLTY. Favourable user acquisition cost of €92 (€154 per active), where the average customer acquisition cost in financial trading (FX/CFDs) is c. €665. Implies a quick payback and a high ROI.