Velti to Sell Mobile Marketing Businesses in US, UK, India to Blackstone's Credit Division

Velti (NASDAQ: VELT ) announced today that it has agreed to sell its U.S., U.K., and India mobile marketing businesses and certain of its U.S.-based advertising businesses to affiliates of GSO Capital Partners LP ("GSO"), the credit division of Blackstone (NYSE: BX ). The current proposed transaction includes