Affirm Holdings, Inc. acquires Yroo Inc.

1 minute read
01 July 2021

On July 1, 2021, Affirm Holdings, Inc. (through it's wholly-owned subsidiaries) completed the purchase of substantially all of the assets of Yroo Inc., an Ontario technology company offering eCommerce solutions ("Shopbrain"), for an aggregate price of US$30 million in cash and 151,745 shares of Affirm's Class A common stock issued to the shareholders of Shopbrain at closing.

Gowling WLG was counsel to Yroo in this transaction with a team that included Tom Hunter, Marcus Hinkley and Angelica Wiliamovicz (corporate), Paul Carenza (tax), John Peters (employment) and Jeffrey Wong (IP), assisted by students-at-law Clément Stacey and Safwan Dadabhoy.

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