Google acquires mobile display advertising company AdMob

Weee, here’s some big news. Mighty Google, just announced that they have sign an agreement to acquire AdMob, the mobile display advertising company (you know, all those sucky ads you see in your iPhone and Android apps…it’s them). For a boatload of cash/stock…. US$750 Million ! Wonder what Microsoft‘s reaction will be now (or the DOJ…first AdMob..antri-trust..?).

We’re happy to announce today that we have signed an agreement to acquire AdMob, a mobile display advertising company based in San Mateo, CA. AdMob is a great Silicon Valley story — founded in 2006 by Omar Hamoui when he couldn’t find good ways to generate traffic for his mobile site. Over the past few years, Omar and his talented team have built a thriving company with great mobile advertising products, and we are looking forward to having them join the Google team and work with us on the future of mobile advertising.

Source: Google and AdMob

  • peetee

    Well, this is pretty cool. I didn’t have the slightest idea that the ads I were seeing on my iPhone came from one source. Admob is such a potential advertising firm that’s when shaked-lightly could produce an extremely big (ROI) Return of Investment to BIG G

    Will Admob be The New Adsense for Mobile?

    You gotta love the timing of Google – having a recent release of Android powered Phones then buying this mobile-advertising firm.

    Oh btw, next time guys please made a lengthy post :D