Jesta Buys Fox Mobile Group From News Corp
It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.
FMG operates a number of mobile services including Jamba, Jamster, Mobizzo and iLove, as well as Bitbop, a recently launched mobile video service and entertainment platform. FMG will become part of Jesta Mobile Holdings.