Wednesday, February 9, 2011

PlaySpan Acquired By Visa For $190M

Santa Clara-based PlaySpan, a provider of payment platform for virtual goods in the online games market, has been acquired by Visam/b> for $190M. According to Visa, the acquisition will extend it into one of the fastest growing segments of digital and mobile commerce. PlaySpan's service handles purchases of game credits, premium memberships, and digital goods. The firm is venture backed by Easton Capital, Menlo Ventures, Novel TMT Ventures, STIC Investments, Silicon Valley Bank Capital, Softbank China & India, TimeWarner Investments, Vodafone Ventures and GE Asset Management. PLaySpan had raised around $41.3M in funding.