NTN Buzztime Sells Off Mobile Division

NTN Buzztime, the Carlsbad, CA-based interactive TV application firm, has sold off its mobile division NTN Wireless to HM Electronics Inc. (HME)….Wireless generated $6.1 million in revenue in 2006, with adjusted EBITDA (non-GAAP) of $757K, the company said. It expects to receive $2.0 million in net proceeds resulting in a gain of approximately $400K.
The Amex-traded company has plans to narrow the scope of its business, to its core entertainment division. Details in release.

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