- AT&T Inc T is in discussions to sell its Xandr division to Indian advertising-tech company InMobi, Bloomberg reported. Axios previously reported on the talks.
- The move reflects AT&T's shift from Alphabet Inc GOOG GOOGL to Google and Facebook Inc FB dominated online ads market.
- AT&T is moving its DirecTV operations to a joint venture with TPG. Its WarnerMedia unit is likely to merge with Discovery Inc to become a new independent company.
- SoftBank Group Corp SFTBY SFTBF and Kleiner Perkins Caufield & Byers backed InMobi focuses on the mobile advertising market.
- Price action: T shares traded higher by 0.49% at $27.93 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
