Huge Group defends goodwill valuation
Market players have cast doubt on the tech company’s valuation as it pursues Adapt IT
19 July 2021 - 19:17
UPDATED 21 July 2021 - 10:30
Technology firm Huge Group, which is proceeding with a buyout bid for Adapt IT, has come out in defence of its balance sheet after market players said the value of its goodwill — comprising about half of its assets — could be inflated.
Huge has been locked in a fight with Canada’s Volaris for the past six months to buy out Adapt IT, the listed software services group...
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