Wednesday, February 9, 2011

Visa to Buy Online Commerce Platform

Visa is buying online payments company PlaySpan Inc for $190 million, expanding Visa's its e-commerce and mobile payments capabilities.

Privately-held PlaySpan processes transactions for online games and virtual goods sold on social networking websites. It is based in Santa Clara, California, and backed by several venture funds, including Easton Capital, Menlo Ventures, TimeWarner Investments, Vodafone Ventures and GE Asset Management.

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