NQ Mobile Inc. Announces Updates of the FL Mobile Divestment

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Go back to NQ Mobile Inc. Announces Updates of the FL Mobile Divestment

Milestone for NQ Mobile (NQ) FL Mobile Deal; Rosenblatt Comments; Sees Buybacks Versus 'Going Private' Deal

February 22, 2016 9:55 AM EST

Rosenblatt Securities analyst, Jun Zhang, noted that NQ Mobile's (NYSE: NQ) coming sale of FL Mobile should raise the amount of cash per share that the company holds to more than 2x the current share price. The company could use this cash stake to take the company private in the future.

NQ Mobile has reached an... More