I was told Velti's China unit could fetch $100 mln easily (Casee - Cellphone Ads Serving E-Exchange) largest in China
I was also told that Velti's China unit Casee could fetch $100 mln easily (Casee - Cellphone Ads Serving E-Exchange) given it is currently largest mobile advertising marketplace in China. Can someone confirm this to me.
Selling China unit could bring in nice cash but why would you want to get rid of a explosive market like China. Brazil, China, India, US & Europe could be Velti's most lucrative markets. I would hate to see them sell any good asset.
Possibly given Baidu's founder can find a buyer to pay decent amount but why would Velti want to get rid having presence from the fast growing Chinese or S.E.Asian market. I would rather not see them divest any asset in growing emerging markets.