That’s according to a report in Japanese newspaper Nihon Keizai Shimbun. Index Corp, the Japanese mobile content giant whose forays into US haven’t been successful, has sold off about 85% of its portfolio company Mobliss, based in Seattle, to the Tokyo-based investment fund GD. We reported on this in July, but the details of who bought the stake and how much have only come out now. This follows the appointment of industry vet Jim Merrick as the new CEO of Mobliss in June.
This is part of Index’s international strategy on which it is doing to rethink now… some of its new strategy is outlined in this PDF release issued in July, which included plans to divest out of companies in US.
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