Twitter has acquired mobile advertising startup MoPub, the companies announced Monday, 9/10/13.
The companies did not disclose a price but TechCrunch reported that the deal was valued at about $350 million in stock.
MoPub, with 100 employees, has a mobile advertising exchange and helps companies automate the management of various ad networks.
Mopub was part of the first AngelPad cohort in the fall of 2010. To date, this is the largest exit to come out of any incubator in recent years.