Digital Turbine Acquires Mobile Posse

February 10, 2020

Digital Turbine entered into a definitive purchase agreement to acquire Mobile Posse, a mobile advertising and content-discovery platform based in Arlington, Virginia, with the deal expected to close in Digital Turbine's fiscal fourth quarter. Mobile Posse generated more than $55 million in revenue and over $10 million in EBITDA in calendar 2019 (unaudited); Digital Turbine said the acquisition complements its Media Hub product and will be accretive to EBITDA while expanding its mobile content delivery and advertising capabilities.

Buyers
Digital Turbine
Targets
Mobile Posse, Inc.
Location
Virginia, United States
Transaction Type
Buyout

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