Wireless News
09-06-2013, 08:41 AM
In early 2011, HTC announced that it had acquired U.K.-based digital content company Saffron Digital for $48.5 million. The buy would bolster its media content portfolio and help the then-successful smartphone maker provide top-notch services alongside its wildly popular smartphones. Fast-forward to Thursday, and HTC has reportedly sold its 100% stake in Saffron for $47 million — $1.5 million less than it paid. Focus Taiwan reports that HTC has agreed to sell Saffron to-CDMG Holdings UK Limited, which is owned by leading content delivery company-Cinram Group. The firm will pay HTC $7.5 million in cash up front, according to the report, and an additional $39.5 million over the next five years. HTC on Wednesday announced that its revenue in the
More... (http://news.yahoo.com/htc-offloads-saffron-less-paid-scramble-cash-124022240.html)
More... (http://news.yahoo.com/htc-offloads-saffron-less-paid-scramble-cash-124022240.html)