Onmobile Usa Llc signed a definitive agreement to acquire business assets and certain liabilities of LiveWire Mobile, Inc. (OTCPK:LVWR) for $17.8 million on June 2, 2013. The consideration is subject to certain certain escrow and performance contingencies. The purchase will also include purchase of stock of Fonestarz Media Limited, the managed services arm of Livewire based in UK.

As a result of the acquisition a new entity will be formed OnMobile Live Inc, a 100% subsidiary of Onmobile Usa Llc. Roger Griesmeyer, Jon Levine, Andy Feiner and Taryn Singer of Andrews Kurth, LLP acted as legal advisors for LiveWire Mobile. The transaction is targeted to close on June 30, 2013 upon satisfaction of various customary closing conditions.

Bowen Advisors, Inc. acted as financial advisor to Live Microsystems.