Smile on to an SEC filing, another detail appeared this day about Google’s result of mobile ad network AdMob. We already found out the $750 million Google-AdMob result was a cash and stock deal but we did not found out the breakdown between the two. Pursuant to an SEC filing submitted by Google this day, the search giant encashed $530 million worth of stock as part of the accord, denoting that AdMob (and its investors) might have taken home the remainder, $220 million, in cash (because of some accounting issues, this number might not be right).
So was AdMob glad with the separate between cash and stock? I guess that hinge on whether they regard Google’s stock would keep going up. Google made payment for the skits of the deal with stock, and the accord would hardly make a dent in its huge cash reserves (the corporation has $26.5 billion in the bank).
The accord itself was step outside due to behalf from the FTC over anti-trust rumors. Over six months after revealing its plans to obtain AdMob, Google lastly closed the deal at the end of May, a week after the FTC unanimously endorsed the deal.
Related Posts
Recommended Technology stuff
Check out these awesome Technology stuff..! I found ’em appealing, you might too..!!
