Fundz

Momento acquires 22.5% stake in NBT

RECENTLY ACQUIREDMar 19, 2025

Acquiring Company

Momento

Acquired Company

NBT

SeattleSouth KoreaSoftwareMobile

Description

Momento will acquire a 22.5% stake in NBT from its largest shareholder, Park Soo-geun, for 13.8 billion won. The transaction is set to reposition Momento as the largest shareholder of NBT upon completion. This announcement has resulted in a significant surge in NBT's share price. The deal will finalize with the balance payment on June 25.

Quick answer

Momento is acquiring NBT, announced March 19, 2025. Momento is based in Seattle, Washington, United States.

How much did Momento pay for NBT?
The deal value was not disclosed.
What does Momento do?
Momento is already being used by well-known brands around the world like CBS, NTT Docomo and Wyze Labs.
Where are Momento and NBT based?
Momento is based in Seattle, Washington, United States. NBT is based in South Korea.

Source: Fundz verified event record.

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Company Information

Company

Momento

Location

Seattle, Washington, United States

About

Momento is already being used by well-known brands around the world like CBS, NTT Docomo and Wyze Labs. Momento is a fully remote team of distributed systems experts who built large-scale, mission critical systems at Amazon, GitHub, Intuit and Valve who are passionate about applying the same rigor to serverless cache.

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Frequently asked

Who acquired NBT?

NBT was acquired by Momento, based in Seattle. The deal was reported on March 19, 2025. Momento is already being used by well-known brands around the world like CBS, NTT Docomo and Wyze Labs. Momento is privately held.

When did Momento acquire NBT?

Momento's acquisition of NBT was reported on March 19, 2025. Momento will acquire a 22.5% stake in NBT from its largest shareholder, Park Soo-geun, for 13.8 billion won. The transaction is set to reposition Momento as the largest shareholder of NBT upon completion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NBT do?

NBT operates a mobile points platform business. The platform allows users to earn points through various activities. The company's shares are traded on the KOSDAQ market. It is experiencing significant investor interest. It is privately held, operating in Software, and is based in South Korea.

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