Brazil's largest internet service provider, Universo Online (UOL), has acquired a majority stake in Boa Compra, a local firm specializing in online payments for games, the company said Monday in a statement.
The value of the transaction was not disclosed.
UOL, however, said future payments depend on Boa Compra's performance over the next two years. Also, UOL will hold an option to buy the remainder of Boa Compra's capital.
In addition to Brazil, Boa Compra also operates in Argentina, Chile, Mexico and Portugal.