Motricity, a mobile content solutions service, has acquired the mobile services business unit of InfoSpace for about $135 million in an all cash transaction. The acquisition is being funded largely by Carl Icahn and Advanced Equities.
Motricity wants the business for the revenues and carrier relationships and to tell a better story to the market as it moves toward a public offering.
The acquisition expands Motricity's customer base to include 11 of the top 13 carriers in North America including AT&T, Verizon Wireless, Sprint, T-Mobile, Bell Mobility, Tracfone and Alltel.
Under the terms of the agreement, Motricity will acquire the mobile services division from InfoSpace, Inc. which provides managed services infrastructure for mobile carriers, including technology and services spanning mobile search, storefronts, portals and messaging services.
Upon closing, Ryan Wuerch will remain as Chairman and CEO of Motricity and Steve Elfman, current executive vice president of InfoSpace's mobile services business unit, will become President, Chief Operating Officer of Motricity.
.......................................................................................................................
Комментариев нет:
Отправить комментарий