Google acquires Jambool (virtual economy platform)

Companies in Relationship

Google, Jambool

Deal Facts

Initial Announcement Date: 8/10

Consideration: $70 million (Source: TechCrunch)

Google acquires Jambool Inc. from Vikas Gupta and Reza Hussein. According to TechCrunch sources, the deal value is $55 million with an additional $15-20 M structured as an earnout. Jambool offers a payment API that enables micropayments in an online game or social network application. The company's currency API offers solutions for developers to establish a virtual currency for real commerce.

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