Venture-Backed Cheetah Mobile Acquires MobPartner For $58M

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Beijing-based Chinese security software maker Cheetah Mobile Inc. has fully acquired global mobile advertising company MobPartner for approximately US$58 million, according to an official announcement.

Upon completion of the proposed acquisition, MobPartner will become a wholly owned subsidiary of Cheetah Mobile. Djamel Agaoua will continue to be the CEO of MobPartner.

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