AdMob bought by Google for $750 million
Google Inc. has acquired admob for $750 million, for mobile advertising and is said to be one of the web giant's largest acquisitions to date. AdMob in a recent report said that the number of ads it serves had increased a whooping 540%
GOOGLE INC. has acquired admob for $750 million, for mobile advertising and is said to be one of the web giant’s largest acquisitions to date. AbMob had recently described that the volume and effectiveness of mobile advertising has been on a high since the last few years with advanced smart phones as it’s easier to deliver more graphical and text advertisements to the customers. Google said that the marketer spending on mobile advertisers on mobile advertising is also growing at around 30% annually. About AdMob Admob was founded in 2006 by Omar Hamoui who was a web entrepreneur who was looking to generate and increase traffic for his mobile based website. A lot many companies like Sequoi Capital, Accel Partners have funded the company. Some of the company’s clients include Ford, Coca Cola, Paramount Pictures to name a few.
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