mobiletech
Monstermob Confirms Takeover Approach
Filed in archive Mobile Technologies by Editor on August 8, 2006
Monstermob Confirms Takeover Approach
Lancaster-based mobile content provider Monstermob is the target of takeover rumours once more, with the company confirming today that it had received an approach. The company says that talks are currently at an early stage.
Monstermob has endured a turbulent half year, during which time the Lancaster-based company has struggled to overcome a slowing UK market. Ringtones providers faced a consumer backlash and regulatory disapproval over aggressive sales tactics for ringtones such as the crazy frog.
One person who is thought to be in the running to buy the company is ex-CEO Martin Higginson, although this has been denied. Shares in the company, which had recently suffered a sharp fall in it's share price, rose on the news.

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