Article: NeoMedia returns 12snap, records $17M loss on move.(News)

NeoMedia Technologies Inc. continued its retreat from the mobile marketing space, selling the German outfit 12snap for "just under'' $5 million.

NeoMedia, which is streamlining in an effort to focus on its "qode'' mobile barcode-reading business, bought 12snap last year for roughly $22 million. The Florida-based company will retain a 10-percent stake in 12snap, which was sold to former shareholder Bernd M. Michael.

The move marks ...

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