Google acquires Indian founded Jambool to take on Facebook

Posted by Bipin Shah
14
Aug 11, 2010
1145 Views
Bangalore: Google has reportedly acquired San Francisco-based Jambool and its gaming product Social Gold even though both the parties have not confirmed any such deal, reports Seher Dhillon from Topnews.

The deal has presumably cost Google around $75 million. The Jambool was valued at about $55 million and an additional $15 million to $20 million, if they reach any agreement.


In 2006, the origination of the Jambool took place, which was founded by Vikas Gupta and Reza Hussein, who also runs Amazon.com. Social Gold was introduced in last October, which is an online virtual payment platform that could be incorporated in MMOs, virtual worlds, casual online games, and social games or applications
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