ZVUE ( the new media CMGI of the 21rst century !;) HandHeld Entertainment announces it acquires YourDailyMedia.com for $1.06 mln (4.16 )
Co announced it has acquired YourDailyMedia.com for $1.06 mln ($200,000 in cash payable in January 2007, $60,000 in cash payable during the next 12 months and a five-year $800,000 note which can be converted into 186,306 shares of HandHeld Entertainment's common stock). "YourDailyMedia.com contains a growing library of more than 4,500 'edgy' user-generated and user-submitted videos and thousands of other media selections, including photos, games, jokes and more."