If you’re into smartphones or mobile advertising, you’ve probably heard of AdMob, a popular mobile display advertising company. And apparently Google’s heard of them, too—Google announced today that they have acquired AdMob for $750M in stock.
Google reports some mobile ad stats:
As noted in the stats, Google is doing well in mobile search (though there’s still plenty of competition). But, Google says, they’re not the only ones who’ll benefit from this acquisition. Publishers will get better products, tools and monetization. Advertisers will get greater reach and “better, more relevant ads” for users engaged with mobile content. Users will get more mobile content and more useful mobile ads.