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