Google continues to gobble up companies that will form the backbone of its new social strategy and the upcoming war with Facebook. Last week it was Slide. And they are now buying Jambool and their Social Gold payment product, we’ve heard from multiple sources. The purchase price is $55 million plus another $15 million -$20 million in an earnout, say our sources.
Social Gold gives app developers… → Read More
Jambool, the startup behind the Social Gold micropayments platform, has closed a $5 million funding round led by Madrona Venture Group, with Bay Partners participating as well. The company has now raised around $6 million, after a $1 million round in Q3 2008.
Jambool initially started off as a developer for games on social networks — a lucrative but very crowded space that includes players… → Read More