Microsoft's Big New Move In Mobile Ads


  • Microsoft buying mobile ad network.
  • You’ve got mail, Marissa Mayer.
  • Progress Software seeks LBO.

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Microsoft (NASDAQ:MSFT) is buying mobile ad network InMobi after both Yahoo (YHOO) and Google (GOOG/GOOGL) held talks but were not able to reach a deal. The target has been asking for a price around $2 billion. The deal partners know each other well as Microsoft is InMobi's largest customer. An announcement could come shortly.

AB InBev

The DOJ issued a second request in its review of the AB InBev (BUD) acquisition of SABMiller (OTCPK:SBMRY).


Canyon Capital sent a letter the board of Yahoo! asking the company to sell the core business, assets, or the whole company.


The EC approved the Ball (BLL) acquisition of Rexam (REXMD) subject to the divestiture of twelve European plants.


The definitive proxy statement was filed for the CVR (UAN) acquisition of Rentech (RNF).

Progress Software

Progress Software (PRGS) is exploring strategic alternatives and has spoken with private equity firms about an acquisition. More to come in future editions of M&A Daily

Done deal.

Microsemi (MSCC) successfully completed its acquisition of PMC - Sierra (PMCS).

The tender offer for the Pinnacle (PF) acquisition of Boulder Brands (BDBD) has been successfully completed.


ACE (ACE) completed its acquisition of the Chubb.

Elsewhere on Seeking Alpha & Beyond

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

This article was written by

Chris DeMuth Jr. profile picture
Value, arbitrage, and event driven top performing ideas
Chris DeMuth Jr ( founded event driven hedge fund Rangeley Capital LLC and research service Sifting the World

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Disclosure: I am/we are long YHOO, PRGS, PMCS, BDBD, CB. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. Rangeley invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our investors, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

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