TV sale of 525million equates to about 17.50/share
if this were to be a full on buyout of the entire company, the current deal ratio equates to about 17.50 a share. Management must look pretty stupid now rejecting the $20.00 offer last year.
And with the stock at 12.60... essentially means the market deems the entire online business WORTHLESS. Might as well sell the entire company and get 17.50 a share instead. No idea why shareholders would be pleased.