TEL AVIV - Wednesday, September 17th 2014 [ME NewsWire]

Mobli makes its first acquisition and brings Pheed into its family of apps and services. Mobli plans to invest $10 million in the remake of Pheed

(BUSINESS WIRE) -- Mobli Media (www.mobli.com) announced today that it has acquired content sharing platform, Pheed, in a cash and stock deal.

Pheed, a mobile social network, has gained five million users with a pioneering concept of content monetization.

Moshe Hogeg, Founder and CEO of Mobli: “Content monetization is a continuous challenge. We are passionate about giving our users possibilities to monetize their content and Pheed has taken strides in this direction. We are excited for the future of Pheed as a part of the Mobli family.”

Mobli plans to invest $10 million in the remake of Pheed, which will remain a stand-alone platform.

About mobli:

mobli provides a richer and smarter way to capture and share photos and videos with friends and the world, while featuring unparalleled visual effects. On mobli, users can follow and engage with individuals as well as communities based on interests and locations. mobli’s vision is to connect people across the globe so users can experience the world through other people’s eyes.