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Mobile Firms Waat Media, Charismatix Merge; Raise $12.75 Million

Authored by Mark Hefflinger on September 12, 2006 - 6:15pm.
Los Angeles - Mobile adult entertainment distributor Waat Media and mobile game publisher Charismatix announced on Tuesday that they have merged to form Twistbox Entertainment. The new company has raised $12.75 million in new financing, led by Spark Capital. Los Angeles-based Waat Media, which distributes adult mobile content from partners including Penthouse, "Girls Gone Wild" and Vivid Entertainment, will continue to operate as a separate unit within Twistbox, while Charismatix will be rebranded as Twistbox Games. The funds will be used to accelerate the development of the company's general entertainment category, expand distribution in Asia and explore possible acquisition targets.
http://tinyurl.com/fjtau
http://www.waatmedia.com
http://www.charismatix.net
http://www.twistbox.com
tags: Deals | Mobile | VC | Adult | Mergers | Waat Media | Charismatix | Twistbox |



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