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iTouch sold for $191M July 4, 2007

Posted by fukumimi in Economy & Business, Internet, Japan, Mobile.
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Just a few months after For-Side.com sold its iTouch subsidiary (apparently for around $100M, and not GBP33M as I saw quoted elsewhere) to a group led by iTouch’s ex-CEO, iTouch has been flipped to the Italian mobile content firm Buongiorno for $191M.

$91M in 4 months isn’t bad.

But it does beg the question, did For-Side.com’s executives shop the deal around sufficiently to get the best price, as they would be expected to do by their shareholders?

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