True North reportedly acquires $50–60 million stake in InMobi
Inc42 says the private equity firm acquired around 2–3% through secondary share purchases, with most shares reportedly bought from early investors seeking an exit.
TLDR
Inc42 reports that True North acquired a minority stake worth $50–60 million in InMobi, amounting to around 2–3% of the company. The deal involved secondary share purchases, mostly from early investors reportedly seeking an exit. Inc42 says InMobi, which operates Glance and Roposo, is redomiciling to India as it prepares for a potential $1 billion IPO.
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