Lenco Acquires iLoop Mobile for $42,000,000

  • Feed Type
  • Date
    11/8/2011
  • Company Name
    iLoop Mobile
  • Mailing Address
    25 Metro Drive San Jose, CA 95110
  • Company Description
    Loop Mobile is the leader in mobile services and technology for interactive mobile marketing, mobile advertising and mobile content distribution. The company’s patent-pending mFinity platform makes it fast and easy for brands, marketing agencies, content owners and other companies to create compelling and effective mobile phone initiatives worldwide.
  • Website
    http://www.iloopmobile.com
  • Transaction Type
    M&A
  • Transaction Amount
    $42,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, iLoop will become a subsidiary of Lenco, with iLoop’s shareholders receiving a combination of cash and stock valued at approximately $42 million.

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