Australia-listed Animoca Brands acquires US digital collectible marketplace Quidd

Australia-listed Animoca Brands acquires US digital collectible marketplace Quidd

Australia-listed technology company Animoca Brands Corporation is acquiring New York-based Quidd Inc, the owner and operator of marketplace for digital collectibles, according to a press statement.

Animoca Brands will pay an upfront sum of $5 million in the all-stock deal. In addition to that, it will also add up to $3 million of earn-out payment based on the company’s annual profit achievement in the next three years.

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