mocoNews.net - Unhealthily Obsessed with Mobile Content

Current Story

Motricity Raising $185 Million; Icahn Investing Again

By Rafat Ali - Mon 15 Oct 2007 06:28 PM PST

Following this morning’s news that Motricity is buying InfoSpace’s (NSDQ: INSP) mobile services business, comes the expected news on its funding: it is putting the finishing touches on a $185 million round of private funding, reports TechConfidential. Leading the roundare financier Carl Icahn and investment bank Advanced Equities, which previously invested in the company. Also joining the round are previous investors Cyrus Capital Partners and New Enterprise Associates, while additional investors may include previous backers Intel (NSDQ: INTC) Capital, Massey Burch Capital Corp., Noro-Moseley Partners, Technology Crossover Ventures and Wakefield Group.

Posted in: Companies, InfoSpace, Money, VC M&A


Related Research from Alacrastore.com

0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

mocoNews.net is a news site covering the business of mobile content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

Tricia Duryee
Principal Correspondent

Dianne See Morrison
Contributing Writer

James Quintana Pearce
Contributing Writer

Robert Andrews
U.K. Editor

EconCeleb Conference - The Economics of Celebrity. July 23 at the Roosevelt Hotel in Hollywood

Featured Report - 2008 Social Media Deals Report

front page of report

The economics of social media continue to heat up, with ever more buzz created in new and growing market categories. This report examines the categories, number and size of investment and acquisitions into social media and the resulting value created from 2007 through 2008. Order your report today to analyze deals made by Yahoo, Disney, Google, AOL, CBS, Hearst, Microsoft and many more.

Learn more or purchase now.

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters