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HandHeld Entertainment Acquires Dorks.com for $1.5 Million

Authored by Mark Hefflinger on November 14, 2006 - 2:34pm.
San Francisco - HandHeld Entertainment, a maker of portable media players, said on Tuesday that it has acquired Seattle-based Dorks.com, an aggregator of user-generated content, for $1.5 million. The deal includes $500,000 in cash, and the remainder in the form of a five-year, $1 million note, convertible to Handheld's stock.

Launched in November 2005, Dorks.com generates more than 110,000 unique page views a day and attracted more than 850,000 unique visitors in October. Individuals submit videos to the site in an attempt to win a monthly cash prize for the top video of the month.

Jeff Oscodar, the president and CEO of San Francisco-based HandHeld, said that the acquisition will allow his company to instantaneously enter "one of the fastest-growing segments in the entertainment world."

Related Links:
http://biz.yahoo.com/bw/061114/20061114006232.html?.v=1
http://www.zvue.com
http://www.dorks.com
tags: Deals | Mobile | Internet | Acquisitions | PMP | Handheld | UGC | Dorks.com |



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