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Mandalay Digital Group Buys Skyrockit

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The mobile content distributor, Mandalay Digital Group has announced that it is buying the music label assets of mobile entertainment studio, Skyrockit, an Intel Capital portfolio company for an undisclosed amount.

As a result, Intel Capital will also become a shareholder of Mandalay Digital Group.

"Acquiring the music label assets from skyrockit is a great opportunity for us as we continuously enhance Digital Turbine's content offerings creating a robust alternative content eco-system for our OEM and carrier partners." stated Peter Adderton, chief executive officer of Mandalay Digital Group.

At the close of this transaction, Mandalay Digital Group will become an Intel Capital portfolio company.

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Tags: mandalay digital group  skyrockit  USA