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Mergers & Acquisitions | 15 March 2012

VerSe Innovation Acquires NewsHunt App Developer - Eterno Infotech

by Irfan Khan
VerSe Innovation Acquires NewsHunt App Developer - Eterno Infotech
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Ver Se Innovation has acquired Bangalore based @Eterno - the company behind the popular mobile news application NewsHunt, according to Medianama.

With this, Rediff has exited Eterno, having initially acquired an undisclosed stake in Eterno in 2008. This acquisition will provide VerSe an entry into the mobile web space.

According to Eterno Founder Chandrashekhar Sohoni, Newhunt has over 10Mn downloads from the web, including around 5.5Mn from GetJar, and has pre-embedding partnerships with Nokia and Micromax.

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