Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 19, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Report: Google Buying Jambool/Social Gold

Report: Google Buying Jambool/Social Gold

August 9, 2010 | By Eric Caoili

August 9, 2010 | By Eric Caoili

In a move likely related to its rumored games-friendly social network, Google has reportedly purchased Jambool and its virtual currency payments product Social Gold for as much as $75 million.

Jambool is based in San Francisco and was founded in 2006 by veterans Vikas Gupta and Reza Hussein. Last October, it launched Social Gold as an online payments and virtual currency platform that players could integrate into their free-to-play MMOs, virtual worlds, casual online games, and social games/applications.

Though neither Google or Jambool have commented on the acquisition, TechCrunch cites multiple sources that suggest a purchase price of around $55 million for Jambool, with another $15 million to $20 million promised if the company reaches certain goals.

This news follows a week after Google announced its purchase of social games developer Slide, also located in San Francisco, for $182 million. Prior to that, the search company reportedly invested between $100 million to $200 million in Farmville developer Zynga, the most popular developer on Facebook, according to total monthly active users across its catalog.

Last month, several sources also claimed that Google met with a number of major social gaming companies like Disney's Playdom and Electronic Arts's Playfish about creating a games-friendly social network -- possibly titled "Google Me" -- as a Facebook rival. The company has yet to confirm any concrete details or the existence of the rumored social network.

Related Jobs

Heart Machine
Heart Machine — Culver City, California, United States

Studio Manager
iGotcha Studios
iGotcha Studios — Stockholm, Sweden

Mid - Senior Producer
HB Studios
HB Studios — Lunenburg/Halifax, Nova Scotia, Canada

Experienced Software Engineer
iGotcha Studios
iGotcha Studios — Stockholm, Sweden

Technical Artist

Loading Comments

loader image