FreeSoft completes acquisitions
Thursday, January 20, 2005, 09:07
In early January, FreeSoft Rt increased its stake in Big Fish Kft and MoolTech Kft to 100%, the company said. publicly traded since last summer, FreeSoft announced the acquisition of a 56.2% stake in Big Fish in late December. Soon after the company also became co-owner of mobile communications firm MoolTech, with plans to complete the acquisition in March. The aim of the deals, worth Ft 80 million and Ft 81 million respectively, was to expand FreeSoft?s service portfolio. Big Fish will remain independent for an indefinite period, after which it will become an integral part of the parent company. MoolTech, which specializes in mobile content and business software, will continue as a unit within FreeSoft.