CLEVELAND-AG Interactive, the wireless subsidiary of greeting card company American Greetings Corp., announced it acquired European wireless content company K-Mobile in an effort to expand into the European arena. Terms of the deal were not disclosed.
“Our acquisition of K-Mobile and their powerful Kiwee brand establishes AG Interactive as a truly global network,” said Josef Mandelbaum, the company’s president and chief executive officer. “As a team, we will work together to fully merge the power of AG Interactive with K-Mobile’s robust content offerings and tremendous knowledge of the European marketplace to expand AG Interactive’s mobile and Web presence throughout the continent.”
The move is the latest in a series of international acquisitions. For example, Japanese gaming company Square Enix recently purchased UIEvolution, and Mforma Group recently acquired Korean content company MobileGame.
