Slimming Vivendi sells mobile-media division

Cyberbiz Brief

Vivendi has sold its mobile-media division Moviso, which distributes ring tones and other content to cellular service providers, to technology services company InfoSpace for $25 million.

Moviso was part of VU Net USA, an Internet and technology unit of Vivendi that was not part of the sale of entertainment assets to GE. Vivendi has been trying to unload its tech assets in the past year, which include MP3.com and a vidgame development unit.

Sale comes just a year and a half after Vivendi acquired Moviso, which was previously known as Premium Wireless Services.

InfoSpace plans to use Moviso to expand the offerings of its mobile division to include branded content, ring tones and entertainment services.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Digital News from Variety

Loading