UK mobile content group Monstermob has bought out Denver-based rival company 9Squared, for about $3 million cash and deferred payments later, which could add up to a total of about $30 million. (Some complex formula here… read this for exact details).
9 Squared supplies products under the RingTone JukeBox, mTat2 and Great American Country brands to various major US and international mobile network operators. The group is rolling out a subscription-based ringtone application on China Mobile, the largest mobile network operator in the world with more than 160 million subscribers.
(Note: Agnitio Capital was the advisor on this)