AT&T to Buy Online Ad Exchange Firm AppNexus

AT&T to Buy Online Ad Exchange Firm AppNexus
The AT&T logo is seen on a monitor on the floor of the New York Stock Exchange (NYSE) in New York City. June 13, 2018. REUTERS/Brendan McDermid
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AT&T Inc said on Monday it would buy online advertisement exchange company AppNexus Inc, less than a month after the No. 2 U.S. wireless carrier closed its $85 billion deal to acquire media company Time Warner Inc.

AT&T did not disclose the AppNexus deal value. The Wall Street Journal, citing sources, reported last week the company was in talks to buy AppNexus for about $1.6 billion.