Deal making in mobile space - SendMe gets mbuzzy

By Vivek | October 11th, 2007 at 10:51 pm ET         

Although far fewer in number as compared to web, acquisitions and investments keep happening in the mobile space. Earlier it was Google snapping up Zingku and Jaiku, Utterz raising $4 million, Twitter raising $5 million,…and now mobile-entertainment services startup SendMe has acquired mbuzzy, another community-based mobile-entertainment Web site. SendMe delivers casual games, ringtones and text messaging for mobile users while mbuzzy also does similar stuff with few addons.

SendMe is backed by Spark Capital and True Venture. Buzzwire, which had started off as 4thMedia, is another of Spark Capital’s recent investment in mobile space.