In Australia, AdultShop.com Buys Loop Wireless

Australian adult company AdultShop.com have acquired Perth developer Loop Wireless, the company behind Hutchison Three’s social networking community Kink Kommunity. As part of the acquisition AdultShop.com will provide Loop with an interest free loan of $1.5 million in working capital to fund the expansion.
The acquisition, the story says, is part of a strategy for AdultShop.com to develop business outside its traditional adult-oriented content. In addition to its 3G mobile social networking product, Loop Wireless offers other content products, including mobile comics and mobile AFL products.

Comments have been disabled for this post