Tuesday, November 14, 2006

HandHeld Entertainment Acquires Dorks.com

San Francisco-based HandHeld Entertainment said Tuesday that it has acquired Seattle-based Dorks.com, a provider of user-generated handheld video entertainment, in a deal worth $1.5M. Dorks.com provides an online service for user-generated entertainment videos. HandHeld Entertainment is a manufacturer of portable media players. According to HandHeld, the deal is comprised of $500K in cash plus a five year $1M note convertible to common stock.