Innofone Buys MTG, CDC Mobile Buys Timeheart

A couple of deals…
IPv6 company Innofone has announced the acquisition of mobile solutions provider Mobile Technology Group (MTG). Innofone seems to be preparing for the vast number of IPv6 addresses which will be allotted to mobile phones…
CDC Mobile (a wholly owned subsidiary of China.com) announced it has agreed to acquire 100% of Timeheart, another Mobile Valued Added Service (“MVAS”) provider in China. “The maximum consideration payable, subject to the achievement of certain financial milestones over the next 16 months, is approximately US$25.4 million. The maximum consideration will be comprised of approximately US$2.0 million in cash and US$3.7 million in China.com shares and the remaining balance of approximately US$19.7 million in shares of CDC Mobile.”

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