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IN BRIEF: Boku receives USD155,972 from Twilio after price adjustment

Fri, 05th Aug 2022 19:35

Boku Inc - London-based mobile payments - Confirms receipt of USD155,972 in cash from Twilio Inc following purchase price adjustment.

Looking ahead, expects to receive two further holdback payments of up to USD6.2 million, within 18 months post-completion.

In March, Boku agreed to the sale of its Identity arm to Twilio for up to USD32.3 million.

Current stock price: 100.00 pence

12-month change: down 49%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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