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Article: HandHeld Entertainment Acquires Putfile.com and Increases Audience to More Than 13.7 Million Unique Visitors and 83 Million Page Views.
- Article from:
- Business Wire
- Article date:
- February 6, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The $7.1 Million Acquisition of Putfile.com Transforms HandHeld Entertainment's Network of User-Generated Web Sites into a Significant Worldwide Online Video Network
SAN FRANCISCO & GUILDFORD, England -- HandHeld Entertainment[TM] (NASDAQ: ZVUE, ZVUEW) today announced it has acquired Putfile.com[TM], a leading free digital media service featuring user-generated content for approximately $7.1 million ($1.08 million in cash and approximately $6.0 million in HandHeld Entertainment common stock). The acquisition vaults HandHeld into a leadership position in the online video market by significantly increasing its audience.
As a result of the Putfile.com ...