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Mobile Weather Content Firm Digital Cyclone Sold To Garmin For $45 Million

Among the bigger pure mobile content related exits in the last year or so: Digital Cyclone has sold itself for $45 million in cash to Garmin, which makes personal navigation devices. Garmin said it bought nine-year-old Digital Cyclone because it was a pioneer in developing ?location-based services? for mobile. The firm sells consumers weather forecasts and warnings tailored to their locations for a subscription fee of about $4 a month. The service is available through Cingular Wireless, Sprint Nextel, T-Mobile, Verizon Wireless and some regional cell-phone companies; a new GPS-equipped phone is not required. The company will operate as a subsidiary of Garmin, retaining its management, support staff and headquarters.

Pioneer Press: The company had gotten initial funding of $8.1 million in 2000 from media company A.H. Belo and a private stock sale. Digital Cyclone bought out Belo?s shares in 2003 and will use its sale to reward about 100 private shareholders still left.

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