Emap's Yospace acquisition: the implications
Sorry, didn't write this up on Friday. Emap Consumer Media has bought mobile firm Yospace for £8.7 million, plus up to a further £5.7 million depending on Yospace's operating performance in the next three years.
Yospace is the company behind 3 UK's See Me TV service, which lets users upload video clips from their cameraphones, and then get paid when other users download them. Emap hasn't said much about its plans for the company, other than it'll sit within its Emap Performance division.
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Well, it's not strictly a startup.
You can’t swing a cat at 3GSM this year without hitting 17 mobile social networking companies, all claiming to be the next MySpace, and all claiming to be unique. Time will tell.