AT&T Engages In Talks To Divest Xandr Division To InMobi: Bloomberg

July 20, 2021 1:20 PM | 1 min read |

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.

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