Google is leading talks to acquire troubled mobile payments company Softcard, said people familiar with the matter. The FT reports.
Google is main talks to purchase Softcard, a troubled cell payments enterprise that is becoming eyed by a number of potential suitors, stated men and women familiar with the make any difference.
The look for motor giant is intrigued in getting the tiny payments team controlled by a consortium of US telecom corporations for about $100m, in accordance to just one individual included in the negotiation.
A sale of Softcard could herald what several analysts have predicted would be a shake-out amongst cell payment services as Apple Pay back forces some others to rethink their positions.
"With Apple fork out buying up in recognition and PayPal likely solo later on this yr every single main tech company is rethinking their cell payments approach," claimed a banker who is not associated in the offer. "We are possible to see a good deal of M&A exercise in this place."
Source:
http://www.uniongazette.com/business/google-foremost-talks-to-get-softcard-h6045.html
