The acquisition will be funded by an unconditional placing to raise gross proceeds of up to approximately $25 million and new bank facilities of approximately $20 million. The transaction is expected to complete on 1 July 2020.
Boku works with Apple, Google, Microsoft, Facebook, Spotify and some 200 carriers to allow users to pay for digital goods like apps and subscriptions via their mobile bills.
Taylor Wessing served as UK legal counsel to Boku in collaboration with Wilson Sonsini, which served as US counsel in the transaction.