Singapore-based telecoms group SingTel has bought mobile advertising company Amobee, which has corporate venturing backing from corporates Telefónica, Vodafone, Motorola and Cisco, for $321m.
Singtel won out in bidding for the company against Spain-based telecoms company Telefónica, according to news provider Forbes.
The deal comes after Amobee has raised about $50m, according to reports. Venture firms Sequoia and Accel led the company’s $5 million Series A in 2005, its series B raised $15m, while Telefónica, UK-based telecoms company…
