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).