It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release. FMG operates a number of mobile services including Jamba, Jamster, Mobizzo and iLove, as well as Bitbop, a recently launched mobile video service and entertainment platform. FMG will become part of Jesta Mobile Holdings.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/FSyNsuWYJuE/
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