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AT&T Engages In Talks To Divest Xandr Division To InMobi: Bloomberg

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AT&T Engages In Talks To Divest Xandr Division To InMobi: Bloomberg
  • AT&T Inc (NYSE: T) is in discussions to sell its Xandr division to Indian advertising-tech company InMobi, Bloomberg reported. Axios previously reported on the talks.
  • The move reflects AT&T's shift from Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to Google and Facebook Inc (NASDAQ: FB) dominated online ads market.
  • AT&T is moving its DirecTV operations to a joint venture with TPG. Its WarnerMedia unit is likely to merge with Discovery Inc to become a new independent company.
  • SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) and Kleiner Perkins Caufield & Byers backed InMobi focuses on the mobile advertising market.
  • Price action: T shares traded higher by 0.49% at $27.93 on the last check Tuesday.
 

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