Digital Turbine completed the acquisition of AdColony Holding from Otello for $400m.

Digital Turbine, a provider mobile communication products, completed the acquisition of AdColony Holding, a mobile advertising platform, from Otello, an internet company, for $400m. "We look forward to welcoming the AdColony team to the Digital Turbine family and believe that this strategic transaction accelerates our growth and is a positive for our partners, advertisers, employees and shareholders. AdColony saw the secular tailwinds toward mobile, video and high-speed networks like 5G before most and has been able to capitalize on its vision,” Bill Stone, Digital Turbine CEO.