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April 27, 2006

Wireless Services' fresh powder

Posted by Tricia Duryee at 10:41 AM

Yesterday, Bellevue-based Wireless Services announced that it acquired Mobile Media for an undisclosed sum to get into the business of delivering high-end content to mobile phones.

To purchase the company, it had to raise money from its venture capitalists. Although CEO Rich Begert was mum on that number, too, he told Dow Jones VentureWire today that the round -- when it finally closed -- would be around $35 million, making the purchase price somewhere in that ballpark.

That makes it substantially less than the $275 million Amdocs paid for Qpass and the $250 million VeriSign paid for m-Qube.

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Tricia Duryee
Tricia Duryee
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