Digital church giving and management company Pushpay continues to bolster its presence in the United States with the acquisition of faith-focused streaming platform Resi Media for US$150 million ($219.3m).
The deal will comprise US$110m in cash and US$40m of Pushpay shares, Pushpay told the NZX this morning.
It's NZX-listed Pushpay's second big acquisition after buying Colorado rival Church Community Builder for $132m in 2019.
The acquisition is expected to close by the end of August subject to satisfaction of customary closing conditions, according to the NZX filing.