Search giantâ??s gaming aspirations turn up a notch with rumoured investment in successful iPhone developer
‘Ngmoco next in Google spending spree’
Google Ventures, the venture capitalist arm of the internet company, has reportedly invested between $3-5m in successful iPhone games developer Ngmoco.
Already this month Google has been linked with two possible games acquisitions – the first a $182 deal for developer Slide and the second a rumoured buyout of in-app payment specialist Jambool. Google is also said to have invested heavily in Zynga.
TechCrunch says that the investment values Ngmoco at around $100m and follows shortly after the developer secured round C funding of $25m.
The full story can be found over at MCV
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