Mimvi's Stock Zooms After Microsoft Partnership Announcement |
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MIMVI and Microsoft Mimvi Inc. (OTCQB – MIMV - $0.27) The News: The Company just announced that it has finalized a partnership agreement with Microsoft Corp (NASDAQ – MSFT) that includes Microsoft making investments in Mimvi in the form of engineering services, software, and cash. As part of the agreement, Mimvi will develop a number of products and services to complement Microsoft’s Windows Azure and Windows Mobile 8 Platforms. We do not yet know the terms of the cash involved, but investors should use this news as an opportunity to buy a stock that could more than double on this news and still be cheap. Key Takeaways: We have long maintained that Mimvi is a takeover target and a real player in the mobile arena. This move by MSFT solidifies that view. Moreover, given that MSFT is viewed to be playing catch-up in mobile, we believe that Mimvi could have a prime role in enabling MSFT to have a leadership position. If we were to apply the same $50M valuation to Mimvi as Apple (NASDAQ – AAPL) used for the Chomp acquisition, Mimvi would be assessed a valuation of $1.20 per share.
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