January 9th, 2008 by Arjan Olsder Posted in Companies & M&A | No Comments »
It seems mobile games and entertainment company Twistbox Entertainment
is entering into a reversed acquisition with company Mandalay Media in
order to float onto the public market.
Mandalay Media is currently already available on the stock market. With the acquisition of Twistbox, Twistbox (and also side label Waat Media) will become the sole operation of Mandalay Media. With the management of Twistbox remaining in place, this would mean that Twistbox uses the acquisition to enter the stock market and so would profit by being bought by Mandalay Media.
At the moment the companies signed a “agreement and plan of merger” in which Mandalay would completely own Twistbox Entertainment. The plan would be to finalize the acquisition during the first quarter of 2008.
