Wednesday, August 24, 2016
Media.net Acquired For $900M
Media.net, an ad-tech company which has offices in Los Angeles, said over the weekend that it has been acquired for $900M by a Chinese consortium led by Starbuster TMT Investments and Beijing Miteno Communication Technology Co. Ltd.. Media.net is headquartered in Dubai, with U.S. headquarters in New York. The company said it has more than 800 employees split across New York, Los Angeles, Dubai, Zurich, Mumbai and Bangalore. The company said the acquisition is the first step to becoming part of Beijing-based Miteno.