LiveWire Mobile, Inc. Acquires Groove Mobile for $14,500,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=34901ed7-b5b5-47d7-8e58-9c3089f647e0&Preview=1
Date
3/18/2008
Company Name
Groove Mobile
Mailing Address
24 Crosby Drive Bedford, MA 01730
Company Description
Groove Mobile is the world’s leading mobile music service. Groove Mobile’s Complete Music Gateway includes Full Track Mobile Downloads, Peer-to-Peer Sharing and Personalized Music Recommendations, in addition to providing Personalized and Programmed Streaming Radio, Music Subscriptions, and more.
Website
http://www.groovemobile.net/
Transaction Type
M&A
Transaction Amount
$14,500,000
Transaction Round
Proceeds Purposes
M&A Terms
Under terms of the acquisition agreement, LiveWire Mobile acquired all outstanding shares of Groove Mobile for the purchase price of $14.5 million.