GoTV Networks, a US-based media company for mobile phones backed by two strategic investors, has bought application-development business of Hands-On Mobile.
GoTV has previously raised about $27m from phone maker Motorola’s Ventures division, and the corporate venturing unit of phone equipment supplier Qualcomm, as well as venture capital firms Bessemer Venture Partners and Charles River Ventures according to news provider Dow Jones VentureWire. Both GoTV and Hands-On have been backed by Bessemer, which acted as a matchmaker in the deal. Hands-On has raised about $100 million since 2002 from Bessemer, Draper Fisher Jurvetson, eFund, General Catalyst Partners and Institutional Venture Partners, VentureWire said.