Google has sealed a deal to pay $750 million for AdMob, a mobile phone advertising company, in an all-stock deal that puts the search giant’s money on the future of mobile ads. The privately held AdMob’s revenues are estimated at $45-60 million, according to an analyst cited by Reuters.

Links to other sites: Ad Age, Bloomberg, Reuters

Posted by :: Ellen Wallace on 10 November 2009 at 12:32 | permalink
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News story, GenevaLunch, 10 November 2009.

Filed under: World news

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