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Bango PLC's Ray Anderson details expanded strategic partnership with NHN Corp

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.

Quick facts: Bango PLC

Price: 148.5 GBX

LSE:BGO
Market: LSE
Market Cap: £110.5 m
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