Media
Endemol buys stake in MoMedia
Published Tuesday, Aug 21 2007, 09:43 BST | By Joanne Oatts

This follows a move last year by the Big Brother producer to invest £15 million in mobile, broadband, IPTV and video-on-demand over the next three years.
Founded in 2005, London-based MoMedia produces content for distribution in 35 countries, and has deals with the likes of 3, Vodafone, T-Mobile, Yahoo, AOL, BT Vision and MSN.
The company was set up by former World Wide Entertainment executives Lucas Bertrand, now chief executive officer, and Mark Benmore, MoMedia's chief operating officer.
Last week, Mediaset - the company looking to purchase Endemol - assured the city the deal would go ahead, despite concerns over the volatility of the global credit market.
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