Digital Turbine Acquires AdColony for $400 Million to Accelerate Growth with Strong Programmatic and Brand Exchange Business
The largest on-device media platform adds AdColony’s strong brand, user acquisition and publishing businesses to expand its collective experience, reach and suite of capabilities to benefit mobile advertisers and publishers around the globe
LOS ANGELES, Feb. 26, 2021 (GLOBE NEWSWIRE) Otello Corp (OSE: OTELLO), Inc, owner of AdColony, the in-app marketplace for brands, today announced the signing of a definitive agreement to sell the global leader in mobile game advertising and monetization, to Austin-based Digital Turbine (Nasdaq: APPS), a global on-device mobile platform company, for a total estimated consideration of $400 million.
Digital Turbine Acquires AdColony for $400 Million to Accelerate Growth with Strong Programmatic and Brand Exchange Business benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Venture activity is a critical component to a thriving tech ecosystem, providing capital and strategic investment opportunities for startups and high growth ventures to continue to grow and expand.
Although 2020 was anything but ordinary for the business community, it saw some solid venture activity among Arlington-based businesses. According to data collected from Pitchbook.com and independent media sources, Arlington-headquartered companies were involved in over 40 deals totaling more than $14.8 billion from venture capital raises, mergers and acquisitions, strategic corporate investments, and other activity. The top industries represented in the deals included information technology, government contracting, health care, business and consumer products, and financial services. Additionally, Q1 2020 was a record quarter for Arlington-based companies, which logged 16 deals totaling at least $674.8 million in activity.