Ring tone's company shareholders stick by Zed offer

Ringtones specialist Monstermob said today its shareholders had voted in favour of a £34m (€51m) takeover by Spanish group LaNetro Zed, despite the promise of a higher rival offer from Chinese firm Linktone.

Monstermob shareholders backed the 50p-a-share deal to sell a 53% stake in the business today at an extraordinary general meeting, leaving Linktone out in the cold.