Affle (India) has signed a definitive share purchase agreement to sell 4,339 Series C Compulsorily Convertible Preference Shares, constituting 12.39% shareholding (on a fully diluted basis and as on the date of agreement execution) in Talent Unlimited Online Services (Bobble), for a fixed consideration of Rs 133.22 crore. The Company’s remaining shareholding in Bobble shall be 12.98% on a fully diluted basis after the close of this transaction and fresh issuance of shares by Bobble to the buyer.
Affle (India) is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.