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Brothers, in their 30s, sold their company for $900 million

We all must have heard about the Google’s purchase of AdMob for $750 Million and Twitter’s purchase of MoPub for $350, but this is something different.

Two brothers, Divyank Turakhia and Bhavin Turakhia, who started their start-up when they were just 16 and 18-year-old, and recently on August 22, they sold that company for whooping $900 Million to a Chinese firm.

The company, MediaNet, which offers several services and products related to targeting, evaluating and creating ad campaigns, has been sold to the Chinese firm Beijing Miteno Communication Technology, which is led by Zhiyong Zhang.

According to the reports, $426 Million has already been paid and rest amount, which is $474 will be paid as per as scheduled discussed in the agreement.

 
 

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