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The price seems kind of steep for something that puts ads in iPhone apps. Isn't the whole iPhone app marketplace worth a lot less than 750 million?


The whole mobile advertising market is probably not much bigger than this, but it's growing, and AdMob is the clear leader. I suspect AdMob would be worth a lot more than this in a couple of years if left to its own devices, which is the bet Google is making.


Eric Schmidt said at one point he thinks mobile advertising will be bigger than web advertising.




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