Nu Skin Enterprises rises 4.3%, sells Mavely platform for $250 million (NYSE:NUS)

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Nu Skin Enterprises (NYSE:NUS) subsidiary Rhyz—completed strategic transaction involving its Mavely affiliate marketing technology platform, which was sold to Later, a portfolio company of Summit Partners, for approximately $250 million.

Approximately $33 million of the proceeds will be distributed to other equity holders within the Mavely business.

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