Deals
SingTel Revamps Structure, Agrees to Buy Amobee
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Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, agreed to buy Amobee Inc. for $321 million in cash to expand in mobile advertising amid a surge in demand for smartphones.
The acquisition of Redwood, California-based Amobee is expected to be completed before June, SingTel, as the Singapore-based company is known, said in a filing today. Products from the acquisition will be introduced within a year.