Feeds

Moko buys US mobile outfit

Looks for Nasdaq listing

  • alert
  • submit to reddit

Intelligent flash storage arrays

The international ambitions of Australian mobile social networking service provider MOKO.mobi have ramped up with the acquisition of US based Cellfish Media for USD$5.5m.

The purchase will give MOKO access to more than 500,000 paid US mobile subscribers and follows the company’s acquisition in January of UK based EyeVibe. Following the transaction, Cellfish will hold an approximate 17% interest in Moko.

Headquartered in New York, Cellfish is a publisher and distributor of mobile content and applications, with operations in New York, Paris, Dusseldorf and Montreal. MOKO started life as Loop Mobile in 2004 and was acquired by Australia’s first online retail sex shop AdultShop.com. It subsequently launched a separate IPO in 2007 and re-branded as MOKO.mobi.

The company jumped on social networking via mobile early and has 4.9 million registered users and says it works with over 22 global carrier partners. MOKO.mobi is currently escalating its international footprint in line with plans to move to America and list on NASDAQ.

Recently MOKO secured a new carrier deployment with Celcom Malaysia and is currently in the process of negotiating new carrier deals in Japan, Russia, UK, USA, Latin America and Greece. ®

Clarification: Moko has requested that we note the current status of the transaction is that Moko has signed a non-binding letter with Cellfish to acquire the US-based mobile community business from Cellfish Media for $5.5 million, subject to due diligence, shareholder approvals and contractual agreements. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.