Monstermob and iTouch reveal bid talks are mutual

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The confused wording of several press releases and news articles has been cleared up. “Mobile phone content provider iTouch last night admitted that it was in talks about a possible takeover by its smaller rival, Monstermob.” However, iTouch declined to comment on the rumored possibility that it would be reversed into Monstermob, rather than the latter making a direct bid.

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