LiveWire Mobile, Inc. Acquires Groove Mobile for $14,500,000

  • Feed Type
  • Date
    3/18/2008
  • Company Name
    Groove Mobile
  • Mailing Address
    24 Crosby Drive Bedford, MA 01730
  • Company Description
    Groove Mobile is the world’s leading mobile music service. Groove Mobile’s Complete Music Gateway includes Full Track Mobile Downloads, Peer-to-Peer Sharing and Personalized Music Recommendations, in addition to providing Personalized and Programmed Streaming Radio, Music Subscriptions, and more.
  • Website
    http://www.groovemobile.net/
  • Transaction Type
    M&A
  • Transaction Amount
    $14,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under terms of the acquisition agreement, LiveWire Mobile acquired all outstanding shares of Groove Mobile for the purchase price of $14.5 million.

Trending on Xconomy