Västra Hamnen Corp. Finance
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Crunchfish: Intention to divest Gesture Interaction
- Announcing strategic move in intention to divest the gesture business
- Focus on Digital Cash
- We await the year-end report before adjusting fair value
Crunchfish recently announced the intention to divest its Gesture Interaction business. After a strategic review, the company decided that the gesture business has better prospects in a different strategic setting. The company has engaged EY Corporate Finance to find a partner for the business area.
We see several possible advantages if the company will be able to reach a deal. In our model, Gesture Interaction accounts for only five per cent of total sales by 2033. A divestment would reduce current operational costs by 25 per cent when completed according to Crunchfish.
The full report is available here.
| Datum | 2024-02-08, kl 08:20 |
| Källa | MFN |