mocoNews.net - Unhealthily Obsessed with Mobile Content

Current Story

Vodafone Acquires Danish Mobile Social Net ZYB For $48.7 Million

By Dianne See Morrison - Fri 16 May 2008 03:32 AM PST

Strange are the ways: Danish mobile aps and networking company Zyb just announced its acquisitions of local mobile social networking service Imity last month. And now Vodafone (NYSE: VOD) announced today that it is ZYB for 31.5 million euros ($48.7 million) in cash. The network operator said the acquisition would help advance its “Total Communications” strategy, which is trying to boost revenues through mobile web and PC offerings, among other services. Though ZYB allows its users to share information and messages with contacts held in their mobile phone address book, it also has an online portal that lets them send messages and images from their PC to multiple mobile devices. The three year old company will remain in Copenhagen, Denmark and becomes part of Vodafone’s Internet Services unit. Since its launch, ZYB had raised $3 million in venture capital from Nordic Venture Partners. (release).

Posted in: Companies, Operators, Vodafone, Money, VC M&A, Mergers & Acquisitions, Social Media

Tags: zyb,

Check our our new Social Media Deals Report, which examines the categories, number and size of VC and M&A deals into social media

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