Monstermob and iTouch reveal bid talks are mutual

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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