Migme Limited
(ASX:MIG) has outlined the consideration payable regarding the acquisition of Hipwee and Shopdeca.
The company highlighted the acquisition of Indonesian social news site Hipwee on 18 December.
Migme told shareholders that the consideration payable for the acquisition is 725,186 fully paid ordinary restricted shares in the capital of migme.
The company also advised shareholders that the consideration payable for the acquisition of the assets in Shopdeca is $US710,000 in cash, alongside $US465,000 in fully paid ordinary shares that are to be held in voluntary escrow for various lengths.
Migme recorded a net loss of $8.8 million at 30 June 2015.
