I-Touch shares jump as takeover talks revealed

SHARES in I-Touch shot up yesterday after the company, part-owned by Independent News & Media, said it was in takeover talks.

The company, which sells mobile phone ringtones, said it is in "preliminary discussions which may or may not lead to an offer for the company." It said the takeover was being evaluated as part of a number of strategic options for its long-term future.

The company said the potential bidder was British listed firm MonsterMob, which develops polyphonic ringtones, java games and wallpapers for mobiles.