Home › content

TeliaSonera Sells Zed to Wisdom Entertainment for $36.7 Million

Authored by Mark Hefflinger on September 15, 2004 - 4:19am.
Madrid -- Wisdom Entertainment, an interactive media group based in Spain, announced that it has completed the acquisition of Sonera Zed Ltd. from TeliaSonera, a Swedish-Finnish telecommunications operator, for $36.7 million. Zed is an independent aggregator and reseller of digital content to mobile phone users. Composed of eight companies in the interactive multimedia entertainment industry, Wisdom Entertainment is involved in videogame development and distribution, computer-animated film production and mobile content development and distribution. Wisdom said that investors Apax Partners, iNova Capital and the Perez Dolset family helped finance the acquisition. In April, Apax Partners led a 39-million-euro ($48 million) investment in the group.
http://makeashorterlink.com/?I2B032C49

tags: TeliaSonera | Zed | Sells | Wisdom Entertainment |



Comments

Post new comment

The content of this field is kept private and will not be shown publicly.