Microsoft is in negotiations to buy mobile ad network InMobi in a deal reportedly worth $2bn, according to reports, after the latter of the pair held simlar talks with both Google and Yahoo last year.
Reports initially emerged in InMobi’s native India, dating back to 14 January, and Microsoft has declined the opportunity to make a public comment on the reports, which cited multipled sources from within the mobile ad network.
However, a subsequent report on authoritative financial newswire service Seeking Alpha pegged the deal at $2bn, claiming “an announcement could come shortly”, although this Read full story ›
Source: The Drum
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