MM - VELT merger = $600 mln/yr revenues which could rise to $1 bln/yr by 2015 with GLOBAL presence
MM - VELT merger = $600 mln/yr revenues which could rise to $1 bln/yr by 2015 with GLOBAL presence including India, S.America, Asia, China where MM doesn't have any presence at the moment. Combined they can be so powerful in mobile advertising sector.
VELT has everything that MM wants now and doesn't have and could take yrs to get it. Why not just merge. Look at Aetna acquired Coventry healthcare and now they are monster in health insurance industry. Both companies need each other. MM can instantly have the ad exchange it is looking to build, have presence in China, India, Brazil, Mexico and other regions where it doesn't operate right now.
I sure hope not. MM's balance sheet is A+ ... VELT is a disaster. As for the offices, all you need is 3 guys and a manager, and 4 laptops. I'd be a buyer of VELT at 10 cents a share. Let VELT continue to implode. I'm sure customers are migrating from them to MM.