Seems a very high valuation - didn't think Admob was doing such large volume? Or is this just a market share play by Google?
Google to Acquire AdMob
November 2009
Today we announced that AdMob has signed a definitive agreement to be acquired by Google for $750 million. We are extremely excited about this new partnership and what it means for our advertisers.
AdMob’s people, products and tools will continue to work to deliver successful campaigns for you – no interruptions. Our product and engineering teams will keep building great products for our customers. Our business development team will keep working to maximize ad revenue for the more than 15,000 mobile Web sites and applications that make up AdMob’s publisher network.
After our deal closes, AdMob will work with Google to accelerate the pace of innovation in mobile and do an even better job for you. We believe this deal will benefit our advertisers by:
*Increasing our investment in building innovative and engaging ad units across platforms and to further improve targeting and tracking.
*Building even more powerful relevance and optimization capabilities.
*Improving the already high level of service and support we deliver to our advertisers.
You can read more about this deal at Google to Acquire AdMob.
Omar