My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Acquisitions

Google in Initial Talks to Buy Indian Startup

1 min read
This story originally appeared on Reuters

Google Inc is in early talks to buy Bangalore-based start-up InMobi, in a move that would strengthen its offering in the increasingly competitive mobile advertising space, a source with direct knowledge of the matter said.

InMobi, which helps companies target phones and mobile devices in their advertising, was launched in 2007 and claims to have over 1 billion users across 200 countries. It counts Japan's SoftBank, an early backer of China's Alibaba, and early stage venture capital firm Sherpalo among investors.

The source, who asked not to be named because the companies have not made the negotiations public, said talks were at an early stage. The source said Google had not yet detailed its terms and conditions for the deal.

InMobi would likely be valued at around $1 billion, the source said.

The Economic Times newspaper first reported news of these ongoing talks on Wednesday.

Both InMobi and Google declined to comment.

(Reporting by Nivedita Bhattacharjee in Mumbai; Editing Clara Ferreira Marques)

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur