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Korean Firm Acquires Multimedia Messaging Firm Ztango in Stock Deal

Authored by Mark Hefflinger on October 21, 2004 - 7:54am.
Reston, Va. -- Korea-based WiderThan, a provider of mobile Internet technology, announced on Thursday that it has acquired Virginia-based Ztango, a provider of wireless multimedia and messaging services, through a stock swap transaction. Ztango has been a long-standing partner of WiderThan. The combined company will offer mobile entertainment services to over 30 wireless network operators reaching more than 210 million subscribers. The new U.S. company will be called "Ztango, a WiderThan Company." Ztango customers currently include America Online, AT&T Wireless, Cingular, Sprint, and Verizon Wireless.
tags: Korean | Acquires | Stock Deal | Multimedia Messaging | Ztango |