MOKO Social Media Limited (ASX:MKB) signed a memorandum of understanding to acquire 10% stake in BigTeams, LLC on April 7, 2015. The final agreement is subject to MOKO satisfactorily completing its due diligence. MOKO Social Media signed a Share Purchase Agreement to acquire BigTeams, LLC on April 24, 2015.

MOKO Social Media Limited (ASX:MKB) completed the acquisition of 10% stake in BigTeams, LLC for $1 million on April 28, 2015. A payment of $0.2 million was made and remaining $0.8 million was paid in the current of year. Suzie Batten and Scott Hinton of Vaughan Partners acted as PR advisors to MOKO Social Media.