NEW YORK — Bill Martin, co-founder of stock message-board site Raging Bull, said Thursday that he has acquired a controlling stake in wireless-industry news site Unstrung Inc. for an undisclosed sum.
Mr. Martin, 23 years old, acquired the stake from wireless-software maker SkyScout Inc., which has since ceased operations. Under the terms of the deal, Mr. Martin owns a majority stake, while Unstrung’s founder and editor-in-chief, Josh Newman, owns a minority stake. While the precise sizes of their individual stakes weren’t disclosed, together they own 90% of Unstrung.
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