Endemol Buys 25 pct Stake in MoMedia
By: Roy | August 22, 2007
The Big Brother producer has now bought a 25 per cent stake in MoMedia International.
MoMedia is a new media content provider that provides content in over thirty five countries across the world. MoMedia was founded in 2005 and now has big deals with companies such as Yahoo, Vodafone, 3, MSN, T-Mollie and AOL.
This move by Endemol comes after the company spent £15 million ($29 million) last year on investments in broadband, IPTV and video-on-demand.
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