Google snaps up mobile ad startup for $816 millionNovember 10, 2009 – 9:57AMGoogle is buying mobile advertising network AdMob for $US750 million A$816 million, underscoring the internet search leader’s determination to ensure its marketing machine reaches the growing number of people surfing the web on phones.The all-stock deal announced Monday also represents the latest sign that Google’s leaders are feeling better about the economy’s direction, encouraging them to spend more freely after clamping down through much of this year.

via Google snaps up mobile ad startup for $816 million.