Sibling Group Holdings, Inc. (SIBE) Shares Close Higher on Urban Planet Mobile™ Acquisition, New Chief Exec
Shares of Sibling Group closed the day 9% higher after the educational technology holding company said it has acquired Urban Planet Media & Entertainment Corp. (UPM) and named UPM founder and CEO Brian OliverSmith as the new Sibling Group chief executive. UPM, a privately held mobile media company providing content and solutions in the education, healthcare and literacy markets, has won five global awards for mobile learning, including the 2011 GSMA Global Mobile Award for Best Mobile Learning Innovation. The acquisition of UPM is expected to further strengthen Sibling Group's position in the global digital education market. "Joining Sibling Group…