MocoNews exclusive: Upoc, one of the original mobile messaging community services, and among the most hyped names during the Silicon Alley heyday, is being sold to Italian/European mobile content firm Dada Mobile. The amount: well, it doesn’t look pretty: about $7 million. This is for a company which raised about $26.3 million in three rounds since its inception in 1999….
Looks like a mini-invasion of the Italians into the mobile content sector: earlier this week, Buongiorno USA, the US subsidiary of the Italian/European mobile content player Buongiorno SpA Group, bought out U.S. firm Rocket Mobile, for about $17 million plus another $10 million in earnout….more here.
Disclaimer: Alan Patricof, an investor in our company through his new fund Greycroft Partners, sits on Upoc’s board through a prior investment by Apax Partners.
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