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InMobi buys Sprint's mobile data, advertising unit

InMobi, a global provider of enterprise platforms for marketers, acquired Pinsight Media Inc., a mobile data and advertising company, from Sprint Corp.

Financial terms of the deal were not disclosed.

This all-stock deal is part of a broader strategic partnership between InMobi and Sprint across devices, data, media and marketing, the company said Oct. 17.

The deal will help InMobi expand its North American operations into Kansas City, Mo., the site of Pinsight's headquarters, alongside San Francisco, New York, Los Angeles and Chicago.