Share on StockTwits

Twitter has agreed to buy TapCommerce, an ad tech firm. Terms of the deal were not immediately disclosed, but Re/code reports it may have been around $100 million. TapCommerce describes itself as a mobile ad retargeting and app reengagement service. To put that more simply, TapCommerce sells ads designed to prompt users to open up apps they’ve already downloaded. With the acquisition, Twitter could continue to build out its mobile ad products, including its app install ads, which this week expanded globally.

“Twitter To Acquire TapCommerce, A Mobile Ad Retargeting Service” is categorized as “science and technology”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.