Rightster announces strategic review
October 16, 2015
By Colin Mann
Digital video distribution and monetisation network Rightster has commenced a formal strategic review of the options open to the Company to maximise value for Rightster shareholders.
The strategic review will be wide-ranging and the Rightster Board will consider all strategic options available to the Group including a strategic partnership, acquisition(s) to increase the scale of the Group, corporate divestitures, a sale of the Company or a new debt facility to continue to invest in the Company.
Raine Advisors Limited will assist the Rightster Board in the strategic review. On 30 September 2015, the Company announced that it was exploring ways of seeking additional investment in the fourth quarter of 2015 to ensure it can continue to move towards cashflow breakeven and has sufficient working capital.