BubbleShare Finally Gets Its Payday

After a previous flirtation with Fox Interactive that ended abrubtly, Toronto-based BubbleShare finally found a buyer who’ll love them forever.

Today they announced their acquisition by Kaboose Inc. (TSX: KAB), a small public “family focused online media company” in Canada, for US$2.25 million plus up to another US$750,000 based on an earn-out provision.

This marks 28 year old founder Albert Lai’s second entrepreneurial success. He was a millionaire before his 20th birthday after founding MyDesktopNetwork and selling it in 1999. He dabbled in a few other startups before BubbleShare, and has now made another mini-fortune. Congrats to the entire team.

Our previous coverage of BubbleShare is here.