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October 11, 2006
Lagardère Spins Out CellFish Media To VCs And Raises $50M
Cellfish Media -- A Lagardère company -- has raised $50M from Trio Capital, Telecom Media Fund (Caisse de depot et placement du Quebec) and an affiliate of Desjardins Venture Capital . The company's portfolio of mobile content runs the standard gamut of music, games, lifestyle, info-tainment, and community aps. It claims agreements with over 200 media, brands, says it did more than 200M transactions in 2005 and more than $116M in revenues in 2005. The new investors now own 30% of the company.
Posted on October 11, 2006 06:15 AM | Posted to Wireless | Permalink
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