M&A Deal Summary

LiveWire Mobile Acquires Groove Mobile

On March 17, 2008, LiveWire Mobile acquired communications company Groove Mobile for 15M USD

Acquisition Highlights
  • This is LiveWire Mobile’s 1st transaction in the Communications sector.
  • This is LiveWire Mobile’s largest (disclosed) transaction.
  • This is LiveWire Mobile’s 1st transaction in the United States.
  • This is LiveWire Mobile’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2008-03-17
Target Groove Mobile
Sector Communications
Buyer(s) LiveWire Mobile
Deal Type Add-on Acquisition
Deal Value 15M USD
Advisor(s) Rutberg Holdings LLC (Financial)

Target

Groove Mobile

Littleton, Massachusetts, United States
Groove Mobile is a provider of fully-managed, turn-key mobile music solutions for operators and record labels.

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Buyer(S) 1

Buyer

LiveWire Mobile

Framingham, Massachusetts, United States
Category Company
Sector Communications
DESCRIPTION

LiveWire Mobile, Inc. provides caller, message, and subscriber personalization services for mobile operators.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 FoneStarz Media Group

St. Ives, United Kingdom

FoneStarz Media Group Ltd. is a provider in the management, hosting and retailing of mobile content to a global audience.

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