DENVER-U.K. mobile entertainment company Monstermob Group acquired Denver-based content provider 9 Squared Inc., the companies announced Tuesday.
Monstermob paid $2.95 million in cash for 9 Squared and will hand over as many as 22 million shares of Monstermob next year, depending on 9 Squared’s fourth-quarter financial performance. A provider of ring tones, games and wallpaper, 9 Squared said the acquisition will enable it to pursue additional foreign markets.
“The Monstermob deal provides 9 Squared with significant resources and experience to solidify our vision of being a worldwide mobile content player,” said James Eberhard, founder and chief executive officer of 9 Squared. “We’ve recently launched products in Latin America and Asia, and needed a partner like Monstermob to enter the explosive Western European market.”
