Nu Skin's stock jumps 16.5% post $250M Mavely sale to Later, funds to boost core business.

Nu Skin Enterprises' stock soared 16.5% after its subsidiary Rhyz sold its Mavely platform to Later for about $250 million, plus a minority stake. The deal, also benefiting other Mavely equity holders with $33 million, aims to boost Nu Skin's affiliate marketing efforts. Nu Skin plans to use the proceeds for debt reduction, innovation, and stock buybacks, enhancing its core business and investments.

January 03, 2025
3 Articles

Further Reading