Openwave Sells Mobile-Phone Unit To Purple Labs For $32 Million In Cash
Jun 30, 2008 10:05 AM
Openwave Systems said today it was selling its mobile browser and messaging business to Purple Labs, a supplier of Linux for mass-market 3G phones, for $32 million in cash and the right to purchase up to 2 percent of Purple Labs’ stock. The purpose of the sale is to allow…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, Countries, Europe, openwave, purple labs
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