Independent News & Media makes £51m profit on sale of ringtone firm iTouch

By Daniel Farey-Jones, brandrepublic.com, 29 April 2005, 12:30PM

LONDON - Independent News & Media has made a £51m profit from an investment in European mobile content company iTouch, which has agreed to be bought for £180m by Japanese rival For-Side.com.

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(Brand Republic, Campaign, Marketing, Media Week, PRWeek)

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