Boku acquired Danal for $64m

Boku, the world's leading independent direct carrier billing company, acquired 100% of the share capital of Danal. for an initial consideration of $27m Boku common shares of $0.0001 each, $3m of Boku warrants exercisable at $1.41 each and $1m of cash, payable on completion. Besides, Boku has agreed to pay deferred consideration of up to $64m, satisfied in Common Shares and warrants, dependent on Danal's future performance. Danal provides mobile identity and authentication solutions driven by real-time connections to Mobile Network Operators. The acquisition of Danal will accelerate the development of Boku's mobile identity service offering, allow expansion into new merchant segments, such as finance and government and ensure broader exposure to crucial geographies, including the USA. Completion of the Acquisition is subject to the fulfillment of certain conditions, including Danal shareholder approval, and is expected to take place on or around 31 December 2018.