Singapore Telecommunications Unit Buys U.S.-Based Turn Inc.
23 Februar 2017 - 3:39AM
Dow Jones News
By Gaurav Raghuvanshi
SINGAPORE--Singapore Telecommunications Ltd. (Z74.SG) Thursday
said its unit has signed a deal to buy Turn Inc., a U.S.-based data
and analytics firm, valuing it at US$310 million.
Singtel's unit Amobee Inc. will buy Turn, which offers advanced
data and analytics solutions through a data management platform
that allows marketing professionals to better understand customer
interactions across different advertisement formats and
devices.
The acquisition will expand Amobee's existing programming and
data management capabilities, Singtel said in a statement to the
Singapore Exchange.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
(END) Dow Jones Newswires
February 22, 2017 21:24 ET (02:24 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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