eBay Buys Zong For $240M
San Jose-based eBay said Thursday that it has agreed to acquire mobile billing and payments firm Zong, which is based in Menlo Park. eBay said it would pay approximately $240M in cash for Zong. Zong was venture backed by Matrix Partners, Advent Venture Partners and Newbury Ventures.
posted on Thursday, July 7, 2011
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