We missed this one yesterday: Mobile Streams, the London-based mobile content and applications provider, which is aiming for a London IPO in March, has received a $8.8 million investment from U.S.-based John Malone’s Liberty Media. The U.S. company now owns 22 percent of MS…
Liberty’s investment implies a valuation of about $47 million for the seven-year-old company. Mobile Streams said it intended to raise about $10.5 million through an IPO on AIM market in London.
As partof the deal, Mobile Streams will also take over the management of ConnectID, a subsidiary of Liberty’s wireless technology division, True Position (which is a location-based service company).
The group, which makes more than 40 per cent of its revenues from outside the UK, is hoping to use the Liberty alliance to expand more rapidly in the US market.
Simon Buckingham, CEO of Mobile Streams, will also become CEO and board member of ConnectID.
Lots of other details in this release…
Related: Mobile Streams Hires Media Veteran To Lead Its IPO
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