Media - Tuesday, August 23, 2005
$100M Ringtone Payout
UK-based ringtone giant Monstermob has agreed to buy the Chinese ringtone company ATOP Century for $100M. We heard the announcement on the BBC radio whose announcers' jaws dropped at the dollar amount. If we heard the CEO of Monstermob correctly, ATOP Century's profits are just in the hundreds of thousands. We have not been able to confirm this online but that would be an amazing multiple.
Read - Monstermob in Chinese Deal (FT.com)
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