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0 0.00196745596370616 0.00196745596370616 0.00196745596370616 -0.00122676665972272 -0.00238409369719695 -0.00238409369719695 -0.00238409369719695
Stock impact report

180 Degree Capital Notes Its Portfolio Company Brightcove, Inc., Entered into an Agreement to be Acquired by Bending Spoons [Yahoo! Finance]

Brightcove Inc. (BCOV) 
Last brightcove inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.brightcove.com/investor-relations
Company Research Source: Yahoo! Finance
portfolio company, Brightcove, Inc. (BCOV), announced yesterday that it has entered into a definitive agreement to be acquired by Bending Spoons for approximately $233 million, or $4.45 per share. Prior to this announcement, 180 Degree Capital owned approximately 1.35 million shares of BCOV. “We would like to congratulate Marc, John, and the entire BCOV team on today's announcement,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “We began building our position in BCOV when Marc joined as CEO, and we continued to add to it based on our belief that BCOV's strong balance sheet, differentiated platform, and recurring revenue would ultimately be fairly valued by the market or through an acquisition of the company. Today's announcement validates our belief that BCOV was a deeply undervalued company. We have repeatedly stated we own a portfolio of what we believe to be deeply undervalued companies. We also stated that we have been ramping up our constructive activis Show less Read more
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