Wednesday, January 2, 2008
Twistbox Entertainment Merges With Mandalay Media
Sherman Oaks-based Twistbox Entertainment, a provider of mobile content, has merged with a publicly traded, bulletin-board company called Mandalay Media, Mandalay Media announced Wednesday morning. Mandalay said that Twistbox will become a wholly owned subsidiary of the firm, with Twistbox CEO Ian Aaron joining the firm's board and continuing to operate Twistbox. According to SEC filings, Mandalay Media is a shell company operated by Trinad Master Fund. Twistbox is venture backed by Spark Capital and ValueAct Capital, and has raised at least $32.25M in venture funding. Twistbox operates a variety of WAP sites, mobile games, and mobile TV properties.