NobleOak Life Ltd (AU:NOL) has released an update.
NobleOak Life Ltd is set to acquire RevTech Media’s trailing commissions and the ‘FiftyUp Club’ business, with a purchase price of $11 million, mixing cash and stock payments. The deal is expected to be financially beneficial for NobleOak, offering an increase in annual cash flow and providing access to 480,000 ‘FiftyUp Club’ members, with no ongoing commission costs. This strategic move aligns with NobleOak’s growth strategy and risk management approach.
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