Red Sofa Proprietor Mediacorp Stops Trading

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Media Corp recently launched which provides bought an on-line gaming business named Intabet and you can taken care of they inside recently given offers. Intabet doesn’t have income no gaming license but hopes so you can provides one another by the trip. But not, £dos.9m of your own assets try noted since the “Intangibles”—It consist of points such “goodwill” and also the worth of the brand new Purple Sofa brand name and intellectual property such as copyrights. Poker participants will most likely set a reduced worth to the Reddish Lounge intangibles versus accountants manage. In case your intangible property are removed from the new accounts, Mass media Corp has property of £step one.6m and you can liabilities away from £step one.8m.

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