Tech
InMobi founders buy back SoftBank’s $250 Mn stake: Report
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Founding teams of InMobi, which offers mobile advertising network software, have reportedly bought back around 25-30% stake from Japanese investor SoftBank.
As per an ET report, the deal covers roughly 25–30% equity and values the company at around $1 billion. SoftBank which had invested around $200-220 million in the company is expected to get $250 million with this deal.
Prior to the transaction, SoftBank held around 35% stake in InMobi, and following the sale of shares to the founders, it now holds 5-7% of the company.
Earlier on Thursday, ET…
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