Southeast Asia's largest telecoms company SingTel has acquired a Silicon Valley startup in the mobile advertising sector. This is the second such purchase in two months by the Singapore telco.
In a press release Tuesday, its Amobee unit said that it bought AdJitsu, which provides tools to make three-dimensional animated ads in mobile apps for iPhone and iPads. This acquisition follows SingTel's purchase of mobile advertising company Amobee in March for US$321 million. Full story
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