Danish Mobile Social Network ZYB Acquired By Vodafone For ?31.5 million

?Using a web portal as a link between the PC and the mobile device, ZYB provides an interactive way for people to nurture, contact and develop their relationships with their most important friends and colleagues and builds links with those contacts? wider networks. This is Web 2.0 in action.

?This acquisition is consistent with our strategy of delivering products and services which meet our customers? total communications needs.?

Tommy Ahlers, CEO of ZYB, added: ?I am delighted that ZYB is to join Vodafone, the world?s largest international mobile community.

?Vodafone and ZYB share the same vision: to create a new mobile experience that builds on the convergence between the mobile and PC ? and one which works on both platforms.

?By joining a company with Vodafone?s global reach, ZYB has more opportunities to bring to the mobile a further advance to the rich and interactive communications experience which people already recognise via the internet on their PC.?

ZYB will remain based in Denmark and upon acquisition will be incorporated into Vodafone?s Internet Services Division.

* The purchaser of ZYB is Vodafone Europe BV, a holding company of Vodafone Group, based in The Netherlands.