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Mobile Social Network BuzzCity Secures $10 Million Financing; Reveals Plans For Global Expansion, Mobile Ad Push & Convergent Media Conglomerate

Author: Peggy Anne Salz

Consider this post as a placesetter for an in-depth and exclusive Q&A today with KF Lai, CEO of BuzzCity. He pre-briefed me on the news that his company had raised $10 million financing from Naspers, a South Africa based integrated multinational media company. If you connect the dots between Naspers other media interests and then add myGamma, BuzzCity’s phenomenally successful mobile social network, you’ll understand why I’m so excited.

However, I was also caught a little off guard since I expected the embargo to be lifted tomorrow. I’ll be back in a bit with the full-length post and a few surprises. (Thanks again Claudia Bate at Skywrite Communications for arranging the pre-briefing and following up with valuable background material.)

August 28, 2008

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