NQ Mobile (NQ) Posts Wider Q3 Loss of 19c/ADS; Issues Q4, FY14 Revs Outlook; Announces Director Changes
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Muddy Waters Crashed NQ Mobile's (NQ) Q3 Call
December 19, 2014 11:39 AM ESTNQ Mobile's (NYSE: NQ) Q3 conference call yesterday was crashed by short seller Carson Block of Muddy Waters. Block raised questions about former Co-CEO Henry Lin and speculation he might be in jail.
The exchange is below. The full transcript is... More
NQ Mobile (NQ) Signs MOU to Sell FL Mobile to Tack Fiori for $570-$630M
December 18, 2014 5:18 PM ESTNQ Mobile, Inc. (NYSE: NQ) announced today that it has entered into a non-binding memorandum of understanding ("MOU") with Tack Fiori International Group Limited ("Tack Fiori") (Stock code:928.HK), a company incorporated in the Cayman Islands with limited liability and listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "HK Stock Exchange"). As contemplated under the MOU, Tack Fiori proposes to purchase 100% of the equity interests in, and assume all liabilities of, FL Mobile by paying a total consideration of between US$570 million and... More
