Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Appland gets acquired by OnMobile Global for USD 15m
October 15, 2018

Appland, a Gothenburg-based mobile entertainment and kids App Clubs subscription services provider announced getting into an agreement to sell the company to Indian mobile entertainment company OnMobile Global. The company said in a filing to the stock exchange “The transaction is not exceeding USD 15m in two or more tranches including an earn-out portion”. In 2017 Appland reported sales of SEK 8.2m with a negative EBIT of SEK -7m.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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