Menu
Menu
eServGlobal (ASX:ESV) completes USP sale

eServGlobal (ASX:ESV) completes USP sale

Mobile billing and payment vendor eServGlobal (ASX:ESV) has completed the sale of its USP business and related products to Oracle for $107 million.

The sale, which was approved by shareholders in June, is expected to result in a tax liability of $9 million. But the majority of Australian taxes will generate franking credits.

“We are pleased to have completed this transaction and look forward to the exciting opportunities our remaining businesses will provide,” eServGlobal CEO Richard Mathews said.

ESV shares have today increased 2.78% to $0.555.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags eservglobalbillingASX:ESVMergers and acquisitions

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO