Italy's Bending Spoons acquires Mosaic Group's digital assets from IAC

People Incorporated

10/01/2024 14:20

MILAN, Jan 10 (Reuters) - Italian app developer Bending
Spoons said on Wednesday it had agreed to buy the digital assets
of IAC  IAC.O  mobile software subsidiary Mosaic Group.
    Bending Spoons will acquire assets including a digital
product suite that contains popular mobile apps such as Clime,
Robokiller, and iTranslate, as well as intellectual property, it
said in a press release, without disclosing financial details.
    The deal's closing is expected by the end of the first
quarter of the year.
    Bloomberg earlier on Wednesday reported that Mosaic was
valued at more than $100 million in the transaction.

 (Reporting by Elisa Anzolin
Editing by Keith Weir
)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))