Mobile Embrace ups Clipp stake to 97%

Monday 27 February 2017 | 13:20 CET | News
Mobile commerce company Mobile Embrace has increased its stake in Clipp, a mobile payment and loyalty smartphone application. Back in June 2015, Mobile Embrace acquired a 31 percent stake in Clipp from existing Clipp shareholders through the issue of a combination of Mobile Embrace shares and options. Mobile Embrace has now acquired an additional 66 percent stake in Clipp for AUD 550,000 in cash, increasing its stake in Clipp to 97 percent.

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Categories: Mobile & Wireless
Companies: Mobile Embrace
Countries: Australia
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