Tuesday, February 6, 2007

Handheld Entertainment Buys Putfile.com

San Francisco-based Handheld Entertainment has acquired Putfile.com, a user-generated digital media service. The deal was worth $7.1M in cash and stock. Handheld said it would pay $1.08M in cash, plus $6.0M in stock for Putfile, which the company reported had 9.5M unique visitors in January of 2007.