More Google Admob acquisition details revealed
More details have emerged about Google’s acquisition of the mobile advertising network AdMob.
We aleady know the Google purchased Admob for US$750 million in stock and cash – but what was the exact split?
The US Securities and Exchange Commission (SEC) have released details that Google sold $530 million in stock, indicating that Admob investors would have taken home around $220 million in cash.
Google has around US$26.5 Billion cash in the bank so this deal would have had little on their bank balance.
