M&A M&A
Adtech unicorn InMobi in talks to buy AT&T's Xander
Source Inc42 (opens in a new tab)
US-based telecom giant AT&T is in talks with Bengaluru-based advertising technology unicorn InMobi to sell off Xander, its loss-making adtech business.
Xandr was created in 2018 through AT&T's USD 1.6 billion acquisition of AppNexus, an ad exchange, and a smaller acquisition of Clypd, a TV ad tech company.