EMAP buys mobile social networks

FHM%20coverThe publisher of FHM and Heat magazines has acquired a UK mobile user-generated content business, as it looks to bolster its presence in the digital market.

EMAP Consumer Media has purchased Yospace Technologies for £8.7m, and has agreed to pay out a further £5.7m to its owners – the Parkmead Group, a merchant bank and private investors – depending on the performance of the business.

Yospace has developed a mobile video-based, user-generated community offering. Its products include “See me TV” and “Look at me TV” services.

Its customers include a number of major mobile networks in the UK. However in the year to December 31 2005 Yospace made a loss of £480,000.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here