tiprankstipranks
Moatable Expands Portfolio with Strategic UK Acquisition
Company Announcements

Moatable Expands Portfolio with Strategic UK Acquisition

Don't Miss our Black Friday Offers:

Moatable ( (MTBLY) ) has shared an announcement.

Lofty Inc., a subsidiary of Moatable Inc., has finalized a Stock Purchase Agreement to acquire The Letting Partnership Ltd (TLP) for approximately $4.6 million, with potential adjustments based on TLP’s cash reserves at closing. TLP, a UK-based company specializing in client accounting for the lettings industry, will become a majority-owned subsidiary of Moatable upon completion of the deal. The transaction is expected to close by the end of 2024, with the seller remaining as a consultant to TLP post-acquisition. This strategic move signifies Moatable’s expansion and commitment to growth in its service offerings.

For a thorough assessment of MTBLY stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskMoatable, Inc. Reports Positive Revenue Growth
TipRanks Auto-Generated NewsdeskMoatable Announces Executive Changes and FD Disclosure
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App