MobiTV Withdraws IPO Filing

Published on July 14, 2012
by Kristin Jones

MobiTV Inc. has withdrawn its plans for an initial public offering, citing unfavorable market conditions.

The mobile-television provider unveiled plans last August to raise up to $75 million to fund working capital needs. In a filing at the time, it said it intended to use the funds to expand internationally and acquire or invest in complementary businesses or products.

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