Mindbody to Be Bought by Vista Equity

The transcript discusses a tech company's valuation, focusing on its two business segments: a B2B platform and an app for booking fitness classes. Despite having 12 million app users, the company hasn't monetized it, suggesting untapped potential. A 30-day go-shop period is in place to attract other buyers, with interest from strategic buyers and private equity. The timing of the deal, just before Christmas, is notable given the tough market conditions, yet tech deals have increased by 80% this year.

What are the two main businesses of the company discussed in the text?

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How many subscribers does the app have, and what services does it provide?

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What potential do some people see in the company's app?

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What is the significance of the 30-day go-shop period mentioned in the text?

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What trends in tech deals are mentioned in the text, and how do they relate to the company's situation?

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