|
|
Article: Mandalay Media Completes $22.8 Million Acquisition of AMV Holding Limited and Secures $4.5 Million Equity Financing.
- Article from:
- Business Wire
- Article date:
- October 27, 2008
CopyrightCOPYRIGHT 2008 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)
|
Combination of AMV and Twistbox Creates Next Generation Mobile Media and Marketing Company
LOS ANGELES -- Mandalay Media, Inc. (MNDL.OB) (the "Company") announced today the completion of the acquisition of AMV Holding Limited ("AMV"), a European leader in direct-to-consumer mobile Internet content and services. The Company paid $10.75 million in a combination of cash and the issuance of a promissory note, as well as delivered an aggregate of 4.5 million shares of the Company based on the value of $2.67 per share. Concurrent with the closing of the acquisition, the Company secured a $4.5 million equity financing at $2.67 per share, which includes 50% warrant ...