Mergers and Acquistions: September 2008 Archives
OZ
Communications Inc. has entered into an agreement to be acquired by
Nokia Corporation
OZ is a leading mobile messaging provider of mobile IM and consumer email services. In April 2008, Wellington Financial provided a $10 million venture debt financing commitment for OZ. The funds were used for general working capital purposes and to enable the company to expand product development.
OZ has 5.5 million monthly paid subscribers. The services allows mobile users to access instant messaging services from AOL, Google, Microsoft and Yahoo.
OZ is a leading mobile messaging provider of mobile IM and consumer email services. In April 2008, Wellington Financial provided a $10 million venture debt financing commitment for OZ. The funds were used for general working capital purposes and to enable the company to expand product development.
OZ has 5.5 million monthly paid subscribers. The services allows mobile users to access instant messaging services from AOL, Google, Microsoft and Yahoo.
Whoop, Inc.wil acquire the
assets of California-based mobile technology company, XOsphere, LLC and
XOsphere's sister company in Latin America.
As a hosted application, Whoop serves as a Web destination where subscribers can create media applications, Mobile Web sites and text communications. On mobile devices, the
Whoop Agent (thin client) is a mobile translator, interpreting content and rendering it with optimization for the device on which it's running. Ideal for mobile marketing, mobile entertainment, mobile communications, mobile commerce and mobile social networking,
As a hosted application, Whoop serves as a Web destination where subscribers can create media applications, Mobile Web sites and text communications. On mobile devices, the
Whoop Agent (thin client) is a mobile translator, interpreting content and rendering it with optimization for the device on which it's running. Ideal for mobile marketing, mobile entertainment, mobile communications, mobile commerce and mobile social networking,
BestBuy announced that it will buy music sharing service Napster.
Best Buy believes that Napster has one of the most comprehensive and easy-to-use music offerings in the industry, including streaming music, music subscriptions, the ability to purchase individual tracks, albums and mobile offers. Napster has approximately 140 employees, with its headquarters in Los Angeles. At this time, Best Buy does not plan to relocate Napster's headquarters or to make significant changes in personnel.
Best Buy intends to use Napster's capabilities and digital subscriber base to reach new customers with an enhanced experience for exploring and selecting music and other digital entertainment products over an increasing array of devices. B
Best Buy believes that Napster has one of the most comprehensive and easy-to-use music offerings in the industry, including streaming music, music subscriptions, the ability to purchase individual tracks, albums and mobile offers. Napster has approximately 140 employees, with its headquarters in Los Angeles. At this time, Best Buy does not plan to relocate Napster's headquarters or to make significant changes in personnel.
Best Buy intends to use Napster's capabilities and digital subscriber base to reach new customers with an enhanced experience for exploring and selecting music and other digital entertainment products over an increasing array of devices. B
Continue reading BestBuy Buys Napster.
Zed, announced the acquisition of Mobitween, a
leading developer and publisher of Flash based content for mobile and
online worlds.
Mobitween brings to Zed an impressive know-how in Adobe Flash® technology for mobiles, an extensive product portfolio with more than 100 in-house titles, the first " game 2.0" concept offering and important agreements with key carriers in Europe and the US.
Mobitween has established distribution agreements with major US and European mobile operators including Verizon Wireless and Orange Group, amongst others. Mobitween builds Flash Lite mobile gaming portals that replicate the web browsing model enabling players to play, rate, share and post hi-scores through a rich-media and customisable mobile client
Mobitween brings to Zed an impressive know-how in Adobe Flash® technology for mobiles, an extensive product portfolio with more than 100 in-house titles, the first " game 2.0" concept offering and important agreements with key carriers in Europe and the US.
Mobitween has established distribution agreements with major US and European mobile operators including Verizon Wireless and Orange Group, amongst others. Mobitween builds Flash Lite mobile gaming portals that replicate the web browsing model enabling players to play, rate, share and post hi-scores through a rich-media and customisable mobile client
Continue reading Zed Acquires Mobitween Flash Publisher.
