SoftBank Cuts InMobi Stake in $250 Million Buyback Deal
NeutralTechnology

- SoftBank Group Corp. has agreed to sell a significant portion of its stake in InMobi Pte back to the mobile advertising company for approximately $250 million, marking a substantial reduction of its investment that originally helped establish India’s first unicorn in 2011.
- This buyback deal is a strategic move for SoftBank, allowing the company to reallocate resources and potentially focus on other investments, particularly in the technology sector, where it has recently made significant acquisitions.
- The decision to divest from InMobi comes amid a broader trend of SoftBank actively managing its portfolio, as evidenced by its recent acquisition of Ampere Computing and the upcoming IPO of Meesho, indicating a shift towards enhancing its presence in AI and e-commerce markets.
— via World Pulse Now AI Editorial System





