Softbank provides $200 million for India's InMobi

09/16/2011 | Reuters

Mobile advertising got a vote of confidence in the form of a $200 million investment by Japanese telecom company Softbank in India's InMobi, a 165-country mobile ad network. Softbank's founder, billionaire Masayoshi Son, says the partnership aims at making Softbank, Japan's No. 3 wireless carrier, the leading Internet company in Asia.

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