BIG Details
 
Acquisition of United States-based company Tipsly: Big Un Ltd.’s (ASX: BIG) stock rose 7.75% on November 16, 2017 after the provider of digital video production services announced about snapping the United States-based company Tipsly for a consideration of A$4.2 million comprising cash and BIG Un shares. Tipsly owns a consumer app and platform developed for the U.S. drink and hospitality space. The company has sophisticated mobile application code, that provides a white label solution and is being incorporated into the current Big Review TV consumer video review platform and app. Moreover, Big expects that the acquisition will provide the company with a database of over 140,000 small to medium sized enterprises in the U.S. hospitality vertical and a minimum of US$12 million of advertising revenue. However, the acquisition will take place after the shareholder and regulatory approval if required. The script value will be based upon an VWAP of each quarter of 2018 and is subject to the delivery of $12 million revenue.
 
BIG has been tracking well with success in video subscription segment and expects 2Q18 cash revenue to exceed $20m. Meanwhile, BIG stock has risen 97.04% in one month as on November 15, 2017 and looks “Expensive” at the current price of $4.31
 

Business Model (Source: Company Reports)

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