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Lion Capital Holdings acquires DeFi Mobile

Oct 27, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Lion Capital Holdings, Inc. has acquired DeFi Mobile, Ltd., a mobile communications company that provides IP platform for mobile applications and services, in a stock-for-stock transaction.

Both the companies are based in the US. Following the transaction, Lion Capital Holdings is considering changing its name to DeFi, Inc.

Lion Capital Holdings was engaged in manufacturing copper and fiber optic specialty custom cabling for the data and telecommunications industries. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-10-26

Deal Participants 

Target (Company)   DeFi Mobile, Ltd.
Acquirer (Company) Lion Capital Holdings, Inc. (formerly Telecomm.com, Inc.)

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX


Related terms: acquisition, copper, manufacturing, telecommunications

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