Google Inc is in talks to purchase Bangalore-based mobile advertising venture InMobi, a source with direct knowledge of the matter said, which could pave the way for what could be the U.S. company's first deal in India's busy start-up space,InMobi helps companies target the users of phones and mobile devices in their advertising. It was launched in 2007 and says it has more than 1 billion users across 200 countries. It counts Japan's SoftBank, an early backer of China's Alibaba , and venture capital firm Sherpalo among investors.The source, who asked not to be named because Google and InMobi have not made the negotiations public, said talks were at an early stage. The source said Google had not yet detailed its terms and conditions for the deal.Both InMobi and Google declined to comment.
Google Inc. (Google) is a global technology company. Shares of GOOG remained unchanged at $555.01. In the past year, the shares have traded as low as $487.56 and as high as $604.83. On average, 2085320 shares of GOOG exchange hands on a given day and today's volume is recorded at 703.
Google Inc. (Google) is a global technology company. Shares of GOOGL remained unchanged at $559.85. In the past year, the shares have traded as low as $490.91 and as high as $608.91. On average, 2389210 shares of GOOGL exchange hands on a given day and today's volume is recorded at 1521.
Source
