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…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?