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Google To Buy Social Payment Provider Jambool

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Google (NSDQ: GOOG) is set to make another not-so-small acquisition, this time for virtual currency company Jambool, TechcCrunch reports, citing unidentified sources. The price is estimated to be around $70 million, including earnouts.

If this deal goes through, it would be the search giant’s 19th since August ’09. Speaking of which, Jambool raised a $5 million funding exactly a year ago. Along with analytics and demand-side platforms, social payment startups are a current favorite among investors and companies like Google which are looking to keep acquiring.


One Response to “Google To Buy Social Payment Provider Jambool”

  1. And where are those paidcontent gurus who not so long ago claimed that virtual currencies and micro or small payments will never work? PaidContent uk even commissioned some [biased, unscientific] study to prove that only a tiny fraction of users would ever pay for anything online…. Losers! You are experts on the economics of content as Google is all about ‘freedom of information,’ not money.