Stocks In News - Acquisitions(On Mobile Global)

 

On Mobile Global Acquired a 100 percent stake in gaming technology firm rob0 for an undisclosed amount through its Canada based arm.

The company has earlier acquired a 25 % equity stake in rob0 in May 2020.

Founded in February 2019, rob0 provides a platform that gathers, analyses and provides smart insights that help to clearly understand user behaviour, optimise gameplay and increase player retention.

The company said that investment by OnMobile is the second major step towards the creation of its cloud gaming platform Onmo after the acquisition of Appland AB, Sweden in October 2018.