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September 26, 2006
Modelabs Does An Intriguing Acquisition
Modelabs, a French company that designs and develops mobilephones for brand-names to slap their badges on and manufacture in their own factories, it is a so-called ODM in consumer electronics parlance, has acquired WorldGSM, a website that publishes premium news, content, and reviews of mobilephones, as well as selling the gear directly to consumers. No disclosure on how much it paid.
WorldGSM Sells Cellphones And Accessories And Also Has Editorial Content Available to Subscribers
That's a really interesting acquisition - will we next see Nokia or Dell ponying up to buy the mobile or the PC channel on CNET news network? ModeLabs Group said the deal is meant to help it "develop its expertise in distribution via the Internet and its knowledge of clients' needs".
Read- Modelabs Acquires Majority Stake In WorldGSM
(pr)
Posted on September 26, 2006 07:16 AM | Posted to News And Updates | Permalink
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