Tiger Telematics, the US parent company of struggling handheld console firm Gizmondo, has revealed that it has offered the stock, IP and patents of its Smart Adds subsidiary as equity on a $21.2 million loan from two shareholders. Smart Adds pushes video ads to mobile devices.
Sources: GamesIndustry.biz | Gamasutra | Joystiq | Engadget | Gamespot | GameDaily.biz
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