Report: Microsoft To Buy Global Mobile Ad Platform InMobi — [Updated]

There has been some speculation that Microsoft is going to buy InMobi, a global mobile ad platform. With Bing search not doing so well on mobile devices and their Windows Phone not selling as much as they had hoped, they have fallen behind other major advertisers on mobile. InMobi reaches an estimated one billion users a month, globally. This acquisition could finally pull Microsoft into a strong position within the mobile advertising world.