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News >> Technology >>
InfoSpace completes Moviso acquisition
By siliconindia staff writer
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Tuesday, 02 December 2003, 20:30 IST
BELLEVUE: InfoSpace, Inc. has announced that it has completed the acquisition of North American mobile media leader Moviso LLC. In accordance with the terms of the definitive agreement announced on October 21, 2003, InfoSpace acquired Moviso from VU Net USA Group Inc. for $25 million in cash.
Together, InfoSpace and Moviso will be one of the largest players in the mobile data industry, with extensive content offerings, strong carrier relationships and broad subscriber reach.
Moviso, formerly a wholly-owned subsidiary of VU Net USA Group Inc., is one of the leading providers of mobile media content, entertainment and personalization services in North America, with distribution to major carriers such as Cingular Wireless, Verizon Wireless, T-Mobile and AT&T Wireless. Mobile media, consisting of ringtones, graphics, video and games, is one of the fastest growing segments of the wireless data market. With thousands of titles from more than 250 licensors, such as major music and sound effect companies, celebrities, and audio and graphical studios, Moviso offers one of the largest licensed catalogs of mobile media today.
InfoSpace Mobile develops, delivers and supports wireless data solutions that make it possible for wireless carriers, media companies and content brands to reach a wide audience of wireless subscribers with compelling content and marketing promotions. The acquisition of Moviso allows InfoSpace Mobile to offer an even wider array of content applications to carriers and branded content providers, by adding media, personalization and entertainment services to InfoSpace Mobile's existing content library.