Bertelsmann Digital Media Investments and France's La Poste Group will increase joint control of Blue Lion Mobile.
Bertelsmann Digital Media Investments (BDMI), a corporate venturing unit of Germany-based publishing group Bertelsmann, has agreed to increase its control of local messaging service Blue Lion Mobile.
In a regulatory announcement to the European Commission, Bertelsmann said it and France’s La Poste Group would acquire joint control of Blue Lion.
In June 2007 BDMI invested more than €1m in Blue Lion’s series A round, which has been its only disclosed investment since its launch in 2006.
Urs Cete, principal and…
