Rumor Mill: Motricity to buy InfoSpace

According to a report from the Triangle Business Journal, Motricity is set on raising an additional $175 million in financing in order to buy InfoSpace's mobile business. InfoSpace posted $30.8 million in second quarter mobile revenues with a net loss of $3.6 million from the mobile unit. If Motricity does indeed raise an additional $175 million, the company will have nearly doubled its venture financing efforts to date: So far, Motricity has raised more than $200 million in VC. Motricity's most recent acquisition was of Goldpocket Wireless, a mobile marketing and content delivery firm.

For more on the rumored deal:
- read this report from Tech Journal South

Suggested Articles

The Wi-Fi community is finally getting a much-needed infusion in the form of spectrum in the 6 GHz band.

AT&T boosted its millimeter wave spectrum holdings following the FCC’s latest 5G auction, increasing its 39 GHz position by more than 100%.

It’s the end of the era for Sprint as T-Mobile US announced it officially completed its merger with Sprint to create the new T-Mobile.