AdColony Sells to Digital Turbine in an Estimated $400 Million Deal

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  • AdColony Sells to Digital Turbine in an Estimated $400 Million Deal

Otello has agreed to sell its mobile advertising unit AdColony to Digital Turbine in an estimated $400 million deal. Digital Turbine, a Nasdaq-listed company that specializes in delivering content on Android devices, announced the agreement, brokered by investment bank Luma Partners, earlier this morning. While the transaction was announced as a “total estimated consideration of…

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