Tech Company M&A Transactions
Magic4 Acquisition
Headquartered in Warrington, Magic4 was acquired by Unwired Planet. Financial terms set the valuation at $82.6 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/2/2004
Transaction Type
M&A
Amount
$82,600,000
M&A Terms
Openwave has completed its acquisition of all outstanding shares of Magic4 for a total purchase price of approximately $82.6 million, or $75 million net of cash on hand at Magic4. The purchase price paid consisted of approximately $46.4 million (net of cash at Magic4), a $3.8 million loan note, and the issuance of 2,271,446 shares of Openwave common stock.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
Chadwick House Birchwood Park
Warrington, WA3 6AE
UK
Warrington, WA3 6AE
UK
Phone
Website
Email Address
Not Recorded
Overview
Magic4 was the first software vendor in the world to provide Enhanced Messaging (EMS), Multimedia Messaging (MMS) and Instant Messaging software in mass-market mobile phones, including the top seven global brands.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Simon Wilkinson
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We do our best to report on every notable VC transaction. VC investment data records reported here are derived from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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