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Liberty Media Buys Levin’s Useful Networks

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Somehow this one slipped from my notice last week: Mobliss co-founder Brian Levin, who left and started another company Useful Networks, has now sold his new company to Liberty Media, reports RCR.
Liberty Media subsidiary TruePosition acquired Useful, a developer of mobile location technology and apps. Both Liberty and Useful are Denver-area companies.
Levin co-founded Useful with David Hose, the former founder of SignalSoft (now part of Openwave) and Brian Voigt, a fellow SignalSoft/Openwave alum.
DenverPost: Levin said Useful will keep its headquarters in Broomfield, where it employs 13 people. He said he expects the company to employ about 35 workers by year’s end.
Related: Mobile Streams Gets Funding From Liberty Media; Worth $8.8 Million

Feb 20, 2007 12:26 PM ET

Posted In: Money, M&A & Venture Capital

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