Report: Google Buying Virtual Payments Provider Jambool for around $75 Million
As part of Google’s latest attempt to build a social platform alternative to Facebook, the company is reportedly buying virtual monetization service provider Jambool. The price is $55 million plus an earn-out worth between $15 million and $20 million, according to TechCrunch.
Reached by phone, Jambool cofounder Reza Hussein gave us a firm “no comment.”
Jambool, maker of the Social Gold virtual currency payments wrapper, has been busy building its business both on and off of Facebook — but mostly off, these days, as Facebook has been indicating that it plans to make its Credits virtual currency the exclusive payment option in games.
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