TMTG interim CEO Kevin McGurn says the company is pulling back from a pair of Crypto.com deals to focus on its media arm and its pending merger with TAE
THE SO WHAT
Backing away from Crypto.com arrangements to focus on core media and an upcoming merger is a classic refocus move in a tighter capital environment. If your business has side bets in volatile asset classes, expect board pressure to unwind them and clean up the story ahead of any strategic transaction.
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