Mobile Ads ‘Amobee’ Sold For $321m To Singapore Telecommunications

The largest telecom services provider in the Asia Pacific region, Singapore Telecommunications (Singtel), announced that it has acquired mobile advertising solutions provider Amobee Inc. for $321 million in cash. Since its foundation in 2005, Amobee raised $54 million. The company develops software that customizes ads to users of mobile phone media, such as video clips, MMS, SMS, and games. It is headquartered in Silicon Valley and has its R&D offices in Herzliya, Israel. View and share