So maybe the rumors were wrong, or maybe the talks didn’t go through: Third Screen Media, the mobile advertising firm, which WSJ said in a story last month was in talks to be bought by Microsoft, is now looking to raise funding. CEO Thomas Burgess said the two year old company, which has received about $8 million in funding to date and is looking for more, would focus on growing the company organically rather than looking for a sale. “I don’t want to say there’s never been any conversations, but right now it’s not our plan.”
Burgess said he hopes the company, which has generated revenue this year and last year, will turn a profit in 2007, but he did not give a specific forecast.
Related:
—MSN In Talks To Buy Third Screen Media; More Ad Consolidation Coming?
—Third Screen Media Secures $5 Million in Series B Funding