Ad-tech company Affle said it will acquire 66.67 percent stake in Singapore-based Appnext through one of its subsidiaries for USD 17.25 million (over Rs 130 crore). Affle International Pte Ltd (Singapore subsidiary of Affle), has entered into an agreement to acquire 66.67 percent ownership in Appnext, Affle said in a filing. Also, Affle MEA FZ-LLC (a unit of Affle International) has inked an Intellectual Property Purchase agreement to acquire 100 percent tech IP assets of Appnext Ltd incorporated in British Virgin Islands, it said.
Affle to acquire majority stake in Singapore-based Appnext for $17.25 mn
Date posted: Friday 3 July 2020