InMobi founders buy back SoftBank’s $250 Mn stake: Report

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Founding teams of InMobi, which offers mobile advertising network software, have reportedly bought back around 25-30% stake from Japanese investor SoftBank.

As per an ET report, the deal covers roughly 25–30% equity and values the company at around $1 billion. SoftBank which had invested around $200-220 million in the company is expected to get $250 million with this deal.

Prior to the transaction, SoftBank held around 35% stake in InMobi, and following the sale of shares to the founders, it now holds 5-7% of the company. 

Earlier on Thursday, ET…



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InMobi founders buy back SoftBank’s $250 Mn stake: Report


Founding teams of InMobi, which offers mobile advertising network software, have reportedly bought back around 25-30% stake from Japanese investor SoftBank.

As per an ET report, the deal covers roughly 25–30% equity and values the company at around $1 billion. SoftBank which had invested around $200-220 million in the company is expected to get $250 million with this deal.

Prior to the transaction, SoftBank held around 35% stake in InMobi, and following the sale of shares to the founders, it now holds 5-7% of the company. 

Earlier on Thursday, ET…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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