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Openwave Acquires Magic4

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May 12, 2004, 9:54 AM   by (staff)

Openwave this week announced that it has signed an agreement to acquire Magic4. Both companies provide software that is integrated into all types of mobile phones, with Openwave a leader in the browser space, and Magic4 a leader in MMS software. Openwave plans to integrate Magic4 into its client software operation. The total purchase price is approximately $82.6 million.

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