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.
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Read 3 Articles for Free with a Basic Account
Gain limited and restricted access to China Money Network.Register Basic Account
Subscribe for an annual subscription for $359
Enjoy comprehensive and exclusive data you can't find elsewhere!Subscribe for $359
Already have an account or paid subscription?