
Softbank invests $200m in mobile ad network InMobi
Softbank Corp. has invested $200 million in InMobi, which claims to be the world’s largest independent mobile advertising network. The Japanese telecom firm will invest in two tranches of $100 million, one due this month and the other due in April 2012.
Softbank joins existing InMobi backers KPCB and Sherpalo Ventures, which are thought to have committed $15 million to the company. The investment is one of the largest made in the mobile internet space...
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