Brand management company BlueFocus Communication Group will acquire two major mobile advertising companies Domob Limited and Madhouse Inc.
The report revealed that BlueFocus will acquire a 100% stake in Domob Limited and a 95% stake in Domob Network Technology for USD289 million; and the company will acquire a 51% stake in Madhouse Inc. for USD61.2 million. At the same time, BlueFocus will invest an additional USD10 million in Madhouse and they will hold a 54.77% stake in the latter on the completion of the investment.
Revenue figures for both companies were not available.
Domob is a Chinese smartphone advertising platform. Headquartered in Beijing, the company has over 300 employees.
Madhouse is headquartered in Shanghai and has over 240 employees. The company focuses on China and India markets. It provides mobile advertising and optimization services to developers in China.
Neither company has announced any post-acquisition layoff plans.
Open this photo in gallery:NDP MP Jenny Kwan appears as a witness at the Foreign…
Mehul Srivastava, Kathrin Hille and Marton DunaiSep 19, 2024 – 10.02amSubscribe to gift this articleGift…
Gusty winds brought about by a Sumatra squall from the Strait of Malacca hit Singapore…
SINGAPORE – They are one of Singapore’s rarest animals, favouring forested areas and moving around…
Coronation Street has announced that Weatherfield stalwart Eileen Grimshaw, portrayed by Sue Cleaver since 2000,…
Progressive “Squad” member Rep. Alexandria Ocasio-Cortez whined about the pager attack targeting Iran-backed Hezbollah terrorists…