DigiTouch S.p.A. (BIT:DGT) signed binding deal to acquire 60% stake in Mobilesoft Societa A Responsabilita Limitata for €3.6 million on November 15, 2022. Under the terms of transaction, €3.2 million will be paid in cash and €0.4 million value of shares. The transaction is expected to close in Q1 2023. Remaining 40% to be acquired in two tranches by 2025, 2027. Emanuele Trucco,Eliana Cioffi and Leonardo Pinta of Shearman & Sterling LLP acted as legal advisor to DigiTouch S.p.A. (BIT:DGT).

DigiTouch S.p.A. (BIT:DGT) completed the acquisition of a 60% stake in Mobilesoft Societa A Responsabilita Limitata on March 21, 2023.