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Mobile Entertainment Distributor Cellfish Gets $50 Million Investment

Authored by Mark Hefflinger on October 10, 2006 - 4:44pm.
New York - Cellfish Media, a unit of French media conglomerate Lagardere that produces and distributes mobile entertainment content, announced that it has raised $50 million from new investors Trio Capital, Telecom Media Fund and Groupe Humagade. The investors will own about a 30% stake in the company, along with Lagardere. New York-based Cellfish, which operates subsidiaries in France and Germany, creates and distributes mobile content including ringtones, animations and games through portals like BlingTones and Barrio Mobile. The company reported 2005 revenues of $116 million.
http://www.cellfishmedia.com/press_room.php?rb=19

tags: Deals | Mobile | Mobile Deals | Investments | Cellfish | Lagardere |

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