Announcement: Bango completes investment from NHN Corp

• South Korean mobile commerce leader becomes a strategic investor in Bango, expanding the partnership

The proposed expanded partnership between Bango (AIM: BGO), the mobile commerce company, and NHN Corp (“NHN”), South Korean big data business, announced on 3 April 2020, completed on 16 April 2020.

NHN has invested £3.2M into Bango for a 4.7% shareholding. It also invested a further £6.5M for a 60% shareholding in Bango Deep – the Bango subsidiary that owns the Audiens Customer Data Platform business – with Bango retaining 40%. The new shares in Bango were admitted to trading on AIM (“Admission”) on 16 April 2020.

Read full announcement here