The scandal-ridden data analytics company is facing myriad issues including a near-record low share price and unhappy shareholders. Is it a sitting duck or more likely to be a target for asset sales?
When Nuix boss Jonathan Rubinsztein was quoted in the media last week saying the embattled tech company was “very cheap” and a “very attractive acquisition target”, it whipped up speculation that he was either fishing for a bid – or one was coming.
Rubinsztein’s well-timed comments to The Australian Financial Review on Thursday came shortly after the data analytics group reported a net loss of $22.8 million, a 190 per cent fall on the previous corresponding year, and a negative free cash flow of $21.5 million.
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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
