Google acquired Jambool, which makes the Solid Gold virtual currency service that competes with Facebook Credits. Jambool is the latest piece of Google’s social network strategy.
Google confirmed that it acquired Jambool, whose Solid Gold platform provides a virtual currency service for providers of online games and others who want to put payment options in their applications.
TechCrunch broke the news August 9, saying the deal was worth $70 million. Jambool and Google confirmed the deal August 13.
Jambool’s Solid Gold virtual payment platform lets application developers insert payment options into online games and other applications.
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