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Otello adjusts some earnouts for unit BeMobi into ownership rights

Tuesday 29 May 2018 | 09:16 CET | News
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Otello, formerly Opera Software, has decided to adjust earnouts for apps and games unit BeMobi and to convert part of these to ownership rights. A total of USD 20 million will be paid to the Earnout Participants with USD 10 million given this month and USD 10 million distributed on 1 October. The remaining earn-out will be converted into the right of ownership for BeMobi, giving the participants a total ownership of 11.2 percent.

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Categories: General
Companies: Opera Software
Countries: World
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