UNIVERSAL MUSIC (VU) ACQUIRES SHARE IN GERMAN NET MOBILE.
Universal Music Germany, subsidiary of the French media and telecoms group Vivendi Universal (VU), has acquired a minority share of less than 10% in the German portable phone application and game supplier Net Mobile. The transaction, worth an unknown sum and announced by Universal on December 22, concludes a "strategic partnership" with Net Mobile, indicated Universal Music Germany in a statement. The "cooperation agreement" between the two groups includes the supply of services such as billing, product development, product hosting and WAP service creation by Net Mobile. In exchange...
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