Comments
AT&T Inc is in talks to sell its Xandr division to Indian advertising-tech company InMobi, according to a person familiar with the situation, part of a push to unload businesses that aren’t core to the carrier’s operations.
The discussions are still in early stages and may not lead to a sale, according to the person who asked not to be identified because the matter is private. Axios previously reported on the talks, saying that the business may change hands at a fire-sale price.
AT&T to merge WarnerMedia and Discovery in $43-b deal
AT&T began seeking a buyer for Xandr after giving up on its dream of becoming a major player in online ads — an area where tech companies such as Google and Facebook dominate. The potential sale is one of many in the works. AT&T also is shifting its DirecTV operations to a joint venture with TPG, and its WarnerMedia unit is slated to merge with Discovery Inc and become a new independent company.
India transformed itself into a mobile-first consumer economy in 2020: Report
InMobi, meanwhile, is backed by SoftBank Group and Kleiner Perkins Caufield & Byers and is focused on the mobile-advertising market. It was founded in 2007. The company didn’t immediately respond to a request for comment.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.