Blackstone is acquiring mobile ad company Vungle

Private equity firm Blackstone just announced that it has reached an agreement to acquire mobile advertising company Vungle. The companies aren't disclosing the financial terms, but as part of the transaction, Vungle has also reached a settlement with founder Zain Jaffer, who filed a wrongful termination lawsuit against the company earlier this year. "As a best-in-class performance marketing platform, Vungle represents a key growth engine for the mobile app ecosystem," said Blackstone principal Sachin Bavishi in a statement.