SoftBank cuts InMobi stake in $250 million buyback deal

Core Viewpoint - SoftBank Group Corp. is selling a significant portion of its stake in InMobi Pte for approximately $250 million, reducing its ownership from over 30% to less than 10% as part of a strategy to prepare InMobi for a potential public listing [1][2]. Group 1: Transaction Details - InMobi will repurchase shares from SoftBank to decrease its holding, which is part of a broader restructuring of its capital table [2]. - The buyback is funded by over $350 million raised in private credit to support InMobi's expansion and ownership restructuring [3]. Group 2: Company Background - Founded in 2007, InMobi was one of India's early global consumer-tech companies and aimed to compete with major players like Alphabet Inc. and Meta Platforms Inc. in mobile advertising [4]. - The company has diversified into marketing, content, and commerce technologies, focusing on improving profitability after experiencing slower growth [4]. Group 3: SoftBank's Investment Strategy - SoftBank's partial exit from InMobi reflects its ongoing adjustments in its India portfolio, as it continues to recycle capital into late-stage and public-market opportunities [5].