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SingTel to acquire Amobee for $321 million

SingTel to acquire Amobee for $321 million

Singapore Telecommunications Ltd. says it will acquire mobile advertising company Amobee Inc. for $321 million.
SingTel said in a statement Monday that it will complete the purchase by June and leave the management of Redwood City, California-based Amobee in place.
SingTel also said it plans to reorganize itself into groups focusing on consumers, digital life and information and communications technology.
SingTel owns Australia's Optus and has large stakes in mobile operators in India, Indonesia, Thailand, Pakistan, the Philippines and Bangladesh. It has 434 million subscribers worldwide.


Updated : 2021-07-27 04:47 GMT+08:00