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November 02, 2006

Mo Money for MobiTV

posted by MR WAVETHEORY at 11/02/2006 12:21:00 PM
The MobiTV Network Operations Center
MobiTV has raised another $30 million Series C from Adobe Systems Incorporated (Nasdaq ADBE) and Hearst Corp. This was just after raising a $70 million B round from Oak. This company just cannot turn money down. Or is it that money just like chasing this company? MobiTV has raised now $125 million. With this kind of money, who needs to do an IPO? Check the press release. By the way, did I mention that MobiTV is a hot company. It's worth alot more than Infospace, Inc. (Nasdaq INSP) which just shut down its Moviso direct to consumer content business aftering losing $46.7 million in the most recent quarter.

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