Ovo has acquired the mobile video technology developer for just over $10m, with Incoming backers Intel, Citrix and Warner Brothers getting stakes in Ovo.
Mobile telecommunications firm Ovo Mobile has acquired Incoming Media, an Australia-based mobile video technology developer backed by corporates Intel, Citrix and Warner Brothers, the Australian Financial Review has reported.
Ovo paid more than A$13m ($10.2m) for Incoming in a deal that will involve it providing stock to company shareholders including Intel Capital, chipmaker Intel’s corporate venturing unit, music label Warner Music and enterprise software provider Citrix.
Venture capital firm OneVentures, another investor in Incoming Media, will hold approximately 30% of…
