Monstermob has bought Upper Mobile Limited, which owns “Information Gateway Inc. (‘IG’), one of the Philippines’ leading mobile content and entertainment companies, and Creative Minds Pte, a Singaporean content development and production company”. The purchase is intended as a base for Monstermob’s expansion into the Asian market…
The company said that the total consideration payable is based on 3 times Profit Before Tax for the 24 months following completion. On completion, Monstermob will pay an upfront stock consideration of 6,349,177 Monstermob shares representing GBP19.11 million at the closing mid market price of 301 pence per Monstermob share as at Mar. 18, 2005.
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