FOBIF - Fobi AI proposes to acquire IP related to retail price comparison app Basket

Fobi AI (OTCQB:FOBIF) said Thursday it proposes to acquire certain intellectual properties and assets owned by Grocery Shopping Labs related to retail price comparison app Basket. The acquisition of Basket IP is expected to provide FOBIF with consumer packaged goods manufacturer promotions, and shopper and retail insights, as well as transactional data and measurement. Synergies between Basket and the Qples by Fobi Grocery Coupon Network are expected to drive high advertising revenue and ARPU with coupons and promotions. Closing of the deal is expected by late May or early Jun.

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Fobi AI proposes to acquire IP related to retail price comparison app Basket