Bango PLC's (LON:BGO) Ray Anderson speaks to Proactive London's Andrew Scott after announcing they've expanded its global data partnership as well as receiving a strategic investment from NHN Corp - a South Korean big data business.
NHN will invest £6.5mln into the Audiens data platform, owned by Bango’s subsidiary Bango Deep, giving NHN a 60% stake.
In addition to the Bango Deep investment, NHN has also agreed to subscribe for around 3.5mln new shares in Bango itself, for £3.2mln.
This is one of the two deals referred to in the company's trading update issued at the end of December.