Bemobi Mobile Tech S.A. acquired Multidisplay Comercio e Serviços Tecnológicos S.A. for BRL 185 million.
August 12, 2021
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Bemobi Mobile Tech S.A. (BOVESPA:BMOB3) acquired Multidisplay Comercio e Serviços Tecnológicos S.A. for BRL 185 million on August 13, 2021. Under the terms of consideration, Under the terms of the agreement between the parties, the transaction will be followed by an upfront installment of BRL 125 million, and such amount may be increased by up to BRL 60 million as a variable installment, depending on the achievement of certain growth and financial targets by the end of 2023, making the maximum potential value to be able to reach BRL 185 million. The deal is subject to approval from competition authorities, which, it is estimated, will take place
within a maximum period of 60 days. and shareholder approval of Bemobi Mobile Tech S.A.. Pinheiro Guimarães - Advogados acted as legal and Vinci Partners acted as financial advisor to Bemobi Mobile Tech S.A. in the deal.
Bemobi Mobile Tech S.A. (BOVESPA:BMOB3) completed the acquisition of Multidisplay Comercio e Serviços Tecnológicos S.A.
Bemobi Mobile Tech SA is a Brazil-based company involved in the mobile media and entertainment industry. The Firm is focused on the distribution and monetization of mobile apps, games and digital services. The Company operates in a Business-To-Business-To-Consumer (B2B2C) model, in partnerships with mobile operators. The Companyâs services are divided into three units: Applications and Games, Microfinance and Communications. The Applications and Games unit is focused on subscription-based Apps Club, which offers mobile applications and games provided by the Companyâs content partners, including developers, publishers and distributors. The Microfinance unit provides services for prepaid mobile users, including recharging by credit or debit card and Airtime and Data Advance packages payable at next recharge, among others. The Communications unit provides solutions related to voice calls, such as voicemail and audio to text transcription.
BEMOBI MOBILE TECH S.A. 
