Google is acquiring admob. Whoa..

ImNoSuperMan · Nov 9, 2009

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We're excited to announce that we are acquiring AdMob http://bit.ly/360G4G
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Article:

Investing in a mobile future with AdMob
11/09/2009 09:15:00 AM

We're happy to announce today that we have signed an agreement to acquire AdMob, a mobile display advertising company based in San Mateo, CA. AdMob is a great Silicon Valley story founded in 2006 by Omar Hamoui when he couldn't find good ways to generate traffic for his mobile site. Over the past few years, Omar and his talented team have built a thriving company with great mobile advertising products, and we are looking forward to having them join the Google team and work with us on the future of mobile advertising.

We've written in the past about how mobile phones are becoming an increasingly indispensable part of our daily lives, and we continue to see how great devices with full Internet browsers and vibrant app marketplaces are driving an explosion of usage. In fact:

iPhone and Android users browse the Internet more often than anyone else [Morgan Stanley], contributing to Google's 5x mobile search growth over the past two years

And a quarter of these same iPhone and Android users spend nearly 90 minutes per day using applications on their devices [AdMob]

Despite the tremendous growth in mobile usage and the substantial investment by many businesses in the space, the mobile web is still in its early stages. We believe that great mobile advertising products can encourage even more growth in the mobile ecosystem. That's what has us excited about this deal.

For publishers of mobile websites and applications, this deal will mean better products and tools and more effective monetization of their content allowing them to focus more on their users and less on how to generate revenue.

For advertisers who want to reach users when they are engaged with mobile content, this deal will bring better, more relevant ads and greater reach. It will also mean more interesting, engaging ad formats.

Last, but certainly not least, we believe users will benefit from this deal through more mobile content and through better mobile ads that deliver useful information. And that's good for all of us. For more information, check out this site that we've set up about the deal.

Posted by Susan Wojcicki, Vice President, Product Management and Vic Gundotra, Vice President, Engineering
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Google is acquiring admob. Whoa..

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Google is acquiring admob. Whoa..

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