Carl Icahn pumps $50 million in Motricity

Corporate raider Carl Icahn has invested $50 million in equity funding in Motricity. Till date the 4 year old company had raised $150 million in venture funding from investors including NEA, Technology Crossover Ventures, Noro-Moseley Partners, Intel Capital and Advanced Equities. As part of the financing deal, Carl Icahn’s son Brett Icahn will join Motricity’s board of directors. Motricity’s carrier-grade platform enables content providers to deliver mobile content including ringtones, games and graphics downloads. Motricity’s current customers include six of the top 10 carriers in North America which includes Cingular, Alltel, Sprint. On the content side, Motricity works with MTV, BET, NBC, Universal Music Group, Warner Music Group, Turner, more. Last year Motricity had acquired GoldPocket Wireless that has given the company a solid footing in the mobile marketing domain.



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