SoftBank Cuts InMobi Stake in $250 Million Buyback Deal
SoftBank Group Corp. has agreed to sell a large portion of its stake in InMobi Pte back to the mobile advertising company for about $250 million, unwinding much of an...
By Sankalp Phartiyal, Anto Antony · Bloomberg Markets
SoftBank Group Corp. has agreed to sell a large portion of its stake in InMobi Pte back to the mobile advertising company for about $250 million, unwinding much of an investment that created India’s first unicorn in 2011.