Scalper1 News
China-based Cheetah Mobile (CMCM) has pushed into advertising, acquiring MobPartner in a $58 million cash and stock deal. MobPartner, founded in France, will become a subsidiary, said Beijing-based Cheetah. The mobile ad industry has been consolidating, with Google (GOOGL) reportedly in talks to acquire India’s InMobi. Cheetah, a mobile phone security-software developer, went public in 2014. Shares rose as high as 19.64 intraday, but were up just Scalper1 News
Scalper1 News