From our site MocoNews.net: You’re reading it here first: Moderati, the U.S. mobile content retailer and application distributor, owned till now by Japanese content giant Faith Inc, has been bought out by Santa Monica-based digital media company Bellrock Media. The terms of the transaction were not disclosed officially, but we have confirmed from our sources that the deal is valued in the mid double-digit millions, which makes it amongst the bigger mobile content deals in the last year.
Moderati operates ringtone site ModTones, as well as recently launched MobileFaker, a social app on Sprint. Bellrock was founded in 2005 as a broadband and mobile content developer and distributor, and has major funding from Intel Corp, Yoshimoto Kogyo and Faith Inc. The company has just closed its second round of funding, though it is still talking to couple of U.S. media firms to bring them into the round. More details on the deal here on MocoNews.net.