HandHeld Entertainment continues its string of small video-sites M&A activity with the acquisition of user-generated media site UnOriginal.co.uk for $500K, half of which to be paid in cash over the next 15 months, and half in company shares. (HandHeld trades on Nasdaq OTC under the symbols ZVUE and ZVUEW and is the maker of the ZVUE digital video players).
UnOriginal.co.uk launched in September 2004 and provides user-submitted and user-generated videos, pictures and games. It claims to attract close to 900,000 unique visitors per month and has more than 82 million pageviews since its inception. Release
Related:
—HandHeld Entertainment Acquires Putfile.com For $7.1 Million In Cash & Stock
—HandHeld Entertainment Acquires YourDailyMedia.com For $1.06 Million
—Corrected: HandHeld Entertainment Acquires Dorks.com For $1.5 Million