InfoSpace, Inc. has announced a definitive agreement to acquire North American mobile media provider Moviso LLC from Vivendi Universal Net USA for $25 million in cash. Moviso, a wholly-owned subsidiary of Vivendi Universal Net USA Group Inc., is a provider of mobile media content, entertainment, and personalization services in North America, with distribution to carriers such as Cingular Wireless, Verizon Wireless, T-Mobile, and AT&T Wireless. Mobile media consists of ringtones, graphics, video, and games.
InfoSpace Mobile's applications delivery platform is designed for broad user reach, allowing for the delivery of content across multiple carriers and a wide array of mobile devices supporting standards including SMS, MMS, WAP, xHTML, J2ME and BREW. The acquisition of Moviso is expected to allow InfoSpace Mobile to offer a wider array of content applications to branded content providers and carriers, by adding media, personalization, and entertainment services to InfoSpace Mobile's existing content library. The transaction is expected to close by the end of 2003, subject to certain conditions.