Google Lining Up Social Currency Acquisition


ADOTAS – The guys with the Google purse strings must resemble kids in a candy store — after announcing the acquisition of social media widget maker Slide last Friday for a rumored $180 million, Google is set to grab social currency maker Jambool, sources told TechCrunch’s Michael Arrington.

Used in prominent social games such as Mafia Wars, Jambool’s Social Gold payment product allows app developers to build payment systems into their games and apps, similar to Facebook Credits except Jambool’s solution is a mite cheaper. However, Facebook Credits has stung Jambool and its peers enough that cofounder and Amazon veteran Vikas Gupta railed against them in an interview last month with Inside Social Games.

Though neither Google nor Jambool are commenting, TechCrunch places the purchase price between $70 million and $75 million. It would certainly be a feather in the cap of Google’s much-rumored about social gaming network that it’s setting up with Zynga.


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