November 9, 2009
Google Acquires Mobile Advertising Network
Google has announced it is acquiring mobile ad network, AdMob, for $750 million in stock. Since its early beginnings as a Silicon Valley startup, AdMob has served more than 125 billion mobile ads across a diverse group of platforms including the iPhone and the Android. Advertising in the mobile space yields a number of opportunities for the future of Google because it already has launched a number of products, this deal greatly accelerates the effort. For more info, Google illustrates the synergies on a website it has set up specifically about the deal.
[via Mashable]
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