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Google Buys Mobile Ad Startup for $750M

All-stock deal for AdMob.

Google Inc. is buying mobile advertising network AdMob for $750 million, underscoring the Internet search leader’s determination to ensure its marketing machine reaches the growing number of people surfing the Web on phones.

The all-stock deal announced Monday also represents the latest sign that Google’s leaders are feeling better about the economy’s direction, encouraging them to spend more freely after clamping down through much of this year.

Read more from the Associated Press.