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Thursday, December 23, 2010

Jesta Group acquires Fox Mobile Group from News Corporation

Fox Mobile Group, which includes the Jamba, Jamster, Mobizzo, iLove and Bitbop brands, has been acquired from News Corporation by Jesta Group. FMG will be renamed and will become a part of Jesta Mobile Holdings.

Jason Aintabi, president of Jesta Group, said “We believe that mobile entertainment is an important emerging market and we are excited about this acquisition and the opportunities for growth it presents.  FMG's unique ten-year history in mobile entertainment services; its stature as a trusted partner with carriers and device manufacturers; and its many successful consumer brands give it a clear advantage in this rapidly developing sector. We look forward to working with the many talented and dedicated global employees of FMG and to a very bright future for the company and its brands.”

Jesta Group has interests in a diverse range of business sectors, including property, hospitality, manufacturing, technology and aviation.

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