The transaction includes the brands, working capital, domain names, social media accounts and the personnel attached to the Dwindle business. As at 30 June 2019, the carrying value of the net assets associated with the deal was $1.5 million, which was all in working capital. The transaction will be recognized in the first half of the 2020 financial year. The sale of this business is not expected to have any significant impact on Group profitability in the 2020 financial year and beyond.
Wonder what Rocco thinks about all of this?