SingTel To Buy U.S.-Based Mobile Advertising Firm Amobee

Singapore Telecommunications Ltd. said it will acquire U.S.-based Amobee Inc., a provider of mobile advertising solutions, for about $321 million — the company’s first major acquisition since 2007.

SingTel, which is majority owned by Singapore’s investment firm Temasek Holdings, aims to use the acquisition to expand into mobile advertising technology and services and expects to complete the transaction before June, according to a statement to the Singapore Exchange.

Read the rest of this post on the original site »


Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work