India: InMobi buys mobile ad firm AerServ for $90m

Photo by Jonas Leupe on Unsplash

Bengaluru-based advertising technology company InMobi on Wednesday said it has bought American mobile video ad start-up AerServ for $90 million in a cash-and-stock deal. The acquisition, its biggest yet, aims to boost its capabilities in the video ads sector, which is expected to become a multi-billion dollar business over three to five years.

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