Littleton, Mass. and Cambridge, U.K. — Livewire Mobile, Inc. (OTC Markets: LVWR), a leader in providing end-to-end managed mobile entertainment solutions for network operators and consumer device manufacturers, announced today that it has entered into a definitive agreement for substantially all its business assets and certain liabilities to be acquired by OnMobile Global Limited, a global leader in telecom value-added services.

Under the terms of the agreement, Livewire Mobile will receive $17.8M USD for its existing business assets subject to certain escrow and performance contingencies. It is the Company’s expectation that the holders of senior secured convertible notes will convert a majority of their notes and vote the converted shares in favor of this transaction, which could amount to approximately 80% of the then fully-diluted outstanding shares.

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Communications / Mobile      Digital Media      Sellside Advisory

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