Mobile advertiser AbMob claims buyout talks

Mobile phone advertising startup AdMob expects its sales to double this year and claims two companies have recently initiated takeover talks. AdMob CEO Omar Hamoui says: ?I wouldn’t say any of them have gotten really serious, but we’ve definitely had conversations.?

The firm is benefiting from the growth in smartphones, with sales growing 30% faster than expected this year. AdMob has raised about USD50m in venture capital from companies including Accel Partners and Sequoia Capital, which also invested in Google and Yahoo!.