Google right now is gearing up for a direct confrontation with Facebook in the social media front. Reports are that Google wants to acquire Jambool and their Social Gold online payment solution for $55 million, with $15 million to $20 million in incentives.
Social Gold, which is a built in solution for payment in social games and similar applications, has been affected negatively by the introduction of Facebook credits. Given that, it might make sense for Google to implement them into Checkout or a new social platform, though Google has yet to confirm the purchase.
Source: Tech Crunch
