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Article in the Telegraph Mistakenly Cited Recent Google Investment of $200 Million in dotMobi

Afilias Limited, a global provider of top-level domain registry services, today dismissed the report of a recent Google investment of $200 million in the article "Google's mobile moves make money ... and sense" in the Dec. 18, 2011, issue of The Telegraph (UK). The article stated, "The recent $200 million investment in dotMobi ... underscore(s) how prescient Google was in that acquisition."

"While Google was an early investor in the dotMobi company, all formal financial ties were dissolved between dotMobi and Google — along with its 13 other former investors — in February 2010, when Afilias acquired 100% of dotMobi. Today, dotMobi is a successful and wholly owned subsidiary of Afilias."

Hal Lubsen, CEO, Afilias, said, "While Google was an early investor in the dotMobi company, all formal financial ties were dissolved between dotMobi and Google — along with its 13 other former investors — in February 2010, when Afilias acquired 100% of dotMobi. Today, dotMobi is a successful and wholly owned subsidiary of Afilias."

dotMobi continues to be the ICANN-appointed registry for the .mobi top-level domain and also continues to create award-winning products like goMobi, the mobile website builder, and DeviceAtlas, the mobile device detection database.

About dotMobi

dotMobi

Headquartered in Dublin, dotMobi - a wholly owned subsidiary of Afilias Limited - is a worldwide leader in enabling the development & discovery of quality mobile content through innovative services, in turn helping businesses and individuals reach the world's billions of mobile phone users. dotMobi spurs mobile industry innovation by giving content providers the tools they need to ensure the Web will work on mobile phones with speed, accuracy and relevant content. (Learn More)

Related topics: Domain Names, Registry Services, Mobile, Top-Level Domains

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