MXit Lifestyle Acquires Motribe Mobile Networks

On September 23, 2012, MXit Lifestyle acquired internet software and services company Motribe Mobile Networks

This is MXit Lifestyle’s 1st transaction in the Internet Software and Services sector.
This is MXit Lifestyle’s 1st transaction in South Africa.

M&A Deal Summary
Date	2012-09-23
Target	Motribe Mobile Networks
Sector	Internet Software and Services
Buyer(s)	MXit Lifestyle
Deal Type	Add-on Acquisition

Cape Town, South Africa

Motribe Mobile Networks (Proprietary) Ltd. is a provider of an online platform to build and manage their own mobile social communities.

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Stellenbosch, South Africa

Category	Company
Sector	Internet Software and Services

MXit Lifestyle (Pty) Ltd. is a mobile social network that works on more than 10 000 devices.

DEAL STATS	#
Overall	1 of 1
Sector: Internet Software and Services M&A	1 of 1
Type: Add-on Acquisition M&A Deals	1 of 1
Country: South Africa M&A	1 of 1
Year: 2012 M&A	1 of 1