M&A
confidence high
sentiment neutral
materiality 0.75
Investview completes acquisition of MPower Trading Systems assets for 565M redeemable shares
Investview, Inc.
- Acquired Prodigio trading platform software and IP from MPower for 565M non-voting membership interests redeemable for common shares on a 1:1 basis.
- Sellers James Bell and David Rothrock are Investview board members; transaction approved by independent directors.
- Acquired assets developed at cumulative cost >$10M; includes source code, office lease, data center agreement.
- Transaction part of strategy to build brokerage and fintech services for DIY investors and professional traders.
- Pending acquisition of SSA Technologies (FINRA broker-dealer) not yet completed; subject to FINRA approval.