Fenwick & West Represents InMobi in $200 Million Investment by Softbank

By: Gordon K. Davidson, David L. Forst, Stefano Quintini

Fenwick & West represented InMobi, the world’s leading independent mobile ad network, in obtaining a $200 million investment from SOFTBANK CORP. The funding, one of the largest to date in the mobile internet space, will take place in two tranches – $100 million in September 2011 followed by an equivalent tranche in April 2012.

InMobi, which was established in India in 2007, previously received investments from Kleiner Perkins Caufield & Beyers and Sherpalo Ventures. SOFTBANK’s $200 million investment will help InMobi create value across the mobile ecosystem globally through advertising, mobile payments using SmartPay™, and HTML5 rich media production and distribution using the recently acquired Sprout™ platform.

The Fenwick team was led by Chairman Gordon Davidson and Montu Bashambu, head of the firm’s India Practice, and included corporate associate Gaurav Sud, tax attorneys David Forst, Andrew Kim and Matthew Noerper, and technology transactions attorney Stefano Quintini.

More information about the investment is available on InMobi’s website.

About Fenwick & West’s India Practice

The Fenwick & West India Practice advises India and U.S.-based clients in the technology, renewable energy and life sciences industries on complex and high value transactions involving India. We represent our clients in cross-border venture financing, merger & acquisition, joint venture and corporate restructuring transactions. We also routinely advise several of our India clients on U.S. corporate, intellectual property and tax matters. Our expertise in the legal, business and cultural considerations that arise in cross-border India/United States transactions coupled with our deep understanding of our clients' technologies and business needs results in practical legal advice and superior deal execution for our clients in both countries.


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