New Scaratings

This being Buzztime, I do not use the term "bizarre" lightly, but this news is weird.
Buzztime is going to merge with a company named "Brooklyn ImmunoTherapeutics LLC."
It is a medical cancer research company. What does that have to do with trivia? Nothing!
Why is this happening? It looks like this Brooklyn company, which is privately owned, is essentially
buying a listing on a stock market. Maybe this might also be a convoluted way for the Brooklyn company to get
some PPP money

Does the merged company plan to keep running trivia? Doesn't look like it, at least not if they can help it.
To quote Buzztime's CEO, "We are also continuing to explore the sale of substantially all of the assets of our
current business to provide additional capital and to allow the combined company to focus exclusively on
Brooklyn’s business following the merger. While we are in discussions with multiple parties who are interested in
purchasing those assets, no definitive agreement has been entered into to date."

So the company has gone from avoiding going out of business involuntarily to trying to go out of business.

Here is the link to the press release:
https://www.marketwatch.com/investing/Stock/NTN/SecFilings?subview=secarticle&sid=7099&guid=14329814&type=8

_________________
“When I see the right and the ability to do everything granted to any power whatsoever, whether it is called people or king, democracy or aristocracy . . ., I say: there is the seed of tyranny, and I seek to go live under other laws.” --de Tocqueville

Leave it to NTN to go under through a reverse IPO: cannibalized for its public listing a day after getting yet another delisting notice. It was a fun 25 years of trivia for me....

Clearly the end of NTN/Buzztime as a trivia host. Will there be any company interested in buying its assets, stepping into its shoes, and hosting under a new name? Seems doubtful under any circumstances, and particularly in a COVID-19 world where bars are closed or at lower capacity than before, and where people have lots of ways of getting trivia fixes, even if none of them include the unique experience provided by NTN/BT.

A sad ending to a company that was ahead of its time and could have done so much to maximize itself if it had actually understood both its product and the users of its product.

Brooke/AARDVK

Clearly the end of NTN/Buzztime as a trivia host. Will there be any company interested in buying its assets, stepping into its shoes, and hosting under a new name? Seems doubtful under any circumstances, and particularly in a COVID-19 world where bars are closed or at lower capacity than before, and where people have lots of ways of getting trivia fixes, even if none of them include the unique experience provided by NTN/BT.

A sad ending to a company that was ahead of its time and could have done so much to maximize itself if it had actually understood both its product and the users of its product.

Brooke/AARDVK