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11-09-2009, 12:23 PM #1
Google Will Buy AdMob for $750 Million
It's just been announced that Google will buy the world's largest mobile advertising provider: Admob. The online search giant will buy out AdMob's stock which at current prices would total $750 million.
Admob's system allows developers to sell their apps for free and make money on ads. Many developers have found that the arrangement works better over the long term than a regular upfront sale of their apps, because the ad revenue continues to come in.
The large online companies like Google, Yahoo, and Microsoft hare in fierce competition to grab a piece of the mobile market. Since there are more mobile phone users in the world than computer users, the growth in that sector is considered to be much more potentially lucrative than traditional online advertising.
Omar Hamoui, Admob's founder, started AdMob in January 2006 while he was still a student at the University of Pennsylvania. He originally just sold web links from his dorm room, but really built his business on the iPhone's success, as he noted in his announcement:
We were so excited by the promise the iPhone represented that we shifted a significant portion of our attention to that device in its very early days. We launched the first iPhone ad units focused on the web and quickly added the capability to run ads in applications. Now with the addition of excellent devices from Palm, Nokia, RIM, and plethora of Android powered smartphones, we have all the preconditions necessary for what will be a tidal wave of mobile browsing and app usage. But let there be no mistake. Our business, and the mobile industry in general, owes Apple a debt of gratitude.
image via AdMob
Last edited by Paul Daniel Ash; 11-09-2009 at 12:29 PM.
11-09-2009, 12:32 PM #2
First. Great more adds just what we need
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11-09-2009, 12:35 PM #3
I hate when they make money on adds and for us it gets annoying
11-09-2009, 12:35 PM #4
Google-Mob SOUNDS SCARY
11-09-2009, 12:35 PM #5
Stupid ads can't escape them
11-09-2009, 12:38 PM #6
Now we really need an add blocker. ad mob by itself was not too bad but with google in the mix it will really suck. Some one create the app , I'll buy it.I don't drink kool-Aid, I don't join cults.
This is why I break out in cold sweat going to Apple retail store.
11-09-2009, 01:18 PM #7
$750 million? Damn! Why can't i create something so simple to make almost a billion on!
11-09-2009, 02:49 PM #8
.... Google...Apple... = Skynet....
11-09-2009, 03:54 PM #9
People, these ads are harmless. The ones that I've seen are not that bad or intrusive although there is one free Apple app that will display a full screen ad before the app is completely launched and makes you look at it for 2-3 seconds before you can do anything.
Now the Zune HD, have you seen those? What little free games the Zune HD has makes you watch a 30 second ad before you can literally play the game each and every time you launch the game. So it could be much worse with the free Apple apps."To unpathed waters, undreamed shores." -- William Shakespeare
11-09-2009, 04:41 PM #10
11-09-2009, 05:44 PM #11
I hate those ads. I'm not a big fan of Google right now.
11-09-2009, 06:17 PM #12
- Join Date
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haha, google's in apple's walls now. if apple wants to keep having apps for free (or technically developers, but apple could still be hurt by it), they'll have to answer to google. anyone else sense a little payback for GV Mobile coming? :-)
11-09-2009, 06:49 PM #13
FML. $750 million in 3 years.
Talk about return on investment.
11-09-2009, 09:26 PM #14
This is very good move. The use of mobile Internet is gaining massive speed and with their Anroid phones on market also why not. They will gain the money back in no time.
11-09-2009, 11:14 PM #15
Its not just att & verizon who have the battle lines drawn out
11-09-2009, 11:19 PM #16
Great news for AdMob. I am happy for the dude.
11-10-2009, 12:54 AM #17
11-10-2009, 01:25 AM #18
I'll sell them admob for only 5 million. Back door, 8 pm, no witnesses, no paperwork.Screw #Winning, I'm #Juanning
iMac 27" i5 quad 2.8Ghz (1TB), MacBook Pro 17" 2.6, iPhone 4s
11-10-2009, 02:49 AM #19
11-10-2009, 03:32 AM #20
i was searching through my phones files today in ifile and found a few curious files by admob. curious if i deleted them. would their pesky advertisements in my apps dissapear? hmmmmkillall Terminal