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July 15, 2012 05:00 am GMT
At the end of August, mobile TV and video platform MobiTV filed its S-1 and announced its plans for a $75 million initial public offering. Founded in 1999, the company had been one of the early movers in the movement to bring live and on-demand TV to mobile devices, which led to partnerships with NBC, ESPN, Disney, CBS, and a bunch of other sizable media companies. The company closed over $100 million in outside investment in their time, had partnered with the big four carriers, and revenue was on the rise, so it seemed like a company on the road to a successful IPO, right? Wrong.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/L57iRjp35Lo/
MobiTV Pulls Its IPO: Unfavorable Market Conditions, Or Unfavorable Business Model?
At the end of August, mobile TV and video platform MobiTV filed its S-1 and announced its plans for a $75 million initial public offering. Founded in 1999, the company had been one of the early movers in the movement to bring live and on-demand TV to mobile devices, which led to partnerships with NBC, ESPN, Disney, CBS, and a bunch of other sizable media companies. The company closed over $100 million in outside investment in their time, had partnered with the big four carriers, and revenue was on the rise, so it seemed like a company on the road to a successful IPO, right? Wrong.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/L57iRjp35Lo/
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