MobiTV has decided that "market conditions" aren't right for a planned IPO and has withdrawn it from consideration by the SEC, the company said in a letter to that body.
MobiTV has withdrawn its plans for an initial public offering, blaming "unfavorable market conditions" in a request to the Securities and Exchange Commission.
MobiTV has had second thoughts about an IPO it initiated last August and has now withdrawn it. The company, which makes apps that let users watch TV on smart phones and has recently pushed into the TV Everywhere space, had hoped to raise up to $75 million.
Telefónica is considering restructuring its entire Latin America (LatAm) business to raise cash and reduce its €57 billion in debt.
Jumptap has secured $27.5 million in new financing, which the mobile advertising network said will help accelerate its plans to go public
Reliance Communications' pending IPO in Singapore may not be a quick route out of its ongoing problems with selling the FLAG submarine cable system.
The prospect of KPN spinning off its German mobile unit is looking more likely following further discussion over a coordinated IPO approach with Telefónica and its O2 Germany subsidiary, according to a Financial Times report.
Full-year revenues at pan-European MVNO Lebara are up 15 per cent to €648 million, helped by a 27 per cent increase in customers to 3.8 million. Importantly, the company also reported operating
Facebook is set to begin trading on the Nasdaq after a blockbuster initial public offering that ranks as the second largest stock market debut in U.S. history. Facebook sold 421.2 million shares
Facebook co-founder and CEO Mark Zuckerberg said improving the social networking giant's mobile application is his "first priority" for 2012. Zuckerberg laid out his goals for the months ahead on