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Tube Mogul Sold To Adobe for $540M

Adode said it agreed to buy programmatic TV advertising platform TubeMogul for $540 million.

Adobe said the acquisition of TubeMogul will create the first end-to-end independent advertising and data management solution that spans TV and digital formats, simplifying what has been a complex and fragmented process for the world’s biggest brands.

The acquisition of TubeMogul further strengthens Adobe’s digital marketing and advertising technology.

“Whether it’s episodic TV, indie films or Hollywood blockbusters, video consumption is exploding across every device and brands are following those eyeballs,” said Brad Rencher, executive VP and general manager, digital marketing, Adobe. “With the acquisition of TubeMogul, Adobe will give customers a ‘one-stop shop’ for video advertising, providing even more strategic value for our Adobe Marketing Cloud customers.”

Read more at B&C.