Last updated on October 8th, 2016 at 01:16 pm
Media.net, an Advertising technology startup set up by Mumbai-born business visionaries Divyank and Bhavin Turakhia, reported on Monday that it had been obtained for about $900 million by a Chinese consortium.
The arrangement is being seen as the third-biggest advertisement tech procurement in history post Alphabet Inc GOOGLE unit Google’s procurement of Double Click and Microsoft Corp’s arrangement for aQuantive.
Media.net is situated in Dubai and New York and gives the innovation powering relevant ads. offered by Yahoo! Inc. and Microsoft Corp’s Bing Search Engine. This web-hosting company began as kind of a logical stage based on Yahoo! pay-per-click with a capital of Rs. 25,000 and from that point forward grew quickly gaining clients such as software body Nasscom, CMIE and People Group.
Divyank Turakhia told that “China is a great opportunity, and the second-largest ad-tech market in the world. We’ve got access to building an incredible team with our partner there, and leverage it with our expertise in ad-tech, and their expertise of the local markets.”
Turakhia has made a number of accomplishments and this is the most recent in the series. The Indian entrepreneur has become a billionaire with the deal and has plans to stay on to run the venture, protecting significant autonomy.
Media.net in the long run would turn into an auxiliary of Beijing Miteno Communication Technology after it obtains the advertisement tech organization from the consortium.
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