Germany-based independent mobile ad network madvertise has acquired Turkish mobile-advertising company Mobilike.

Both companies are leaders in their respective markets, with madvertise delivering 2 billion monthly ad impressions across Europe (Germany, France, UK, Spain, Austria, and Switzerland) and Mobilike delivering 300 million monthly ad impressions in Turkey, covering 60 percent of that country’s mobile ad market.

Read more at http://venturebeat.com/2012/04/17/germanys-madvertise-makes-a-move-into-the-middle-east-with-mobilike-acquisition/#jjcgBEUgfqD8Yv8y.99
Source: VentureBeat