Aspiro Acquires Mobile TV Pioneer
Effective today, Aspiro has acquired Rubberduck Media Lab Ltd. (“Rubberduck”), which supplies leading mobile TV, video and radio solutions to customers including TV4, Telenor, NRK, MTV Nordic, the BBC and Fox Movies. This acquisition marks the start of Aspiro’s mobile TV initiative.Background Effective as of today’s date, Aspiro has acquired 100% of the shares of Rubberduck Media Lab Ltd. The purchase price is some SEK 25.2 m cash. In addition to the initial purchase price, a maximum cash settlement of some SEK 9.0 m may be payable to the company’s former shareholders and current staff,