Twitter Buys Namo Media

San Francisco-based Twitter said late Wednesday that it has acquired fellow, San Francisco company Namo Media. Financial terms of the buy were not disclosed, but reports are pegging the buy at around $50M. Namo Media develops mobile, native advertising technology used to insert advertising content into mobile apps. Namo Media was backed by Google Ventures, Andreessen Horowitz, Trinity Ventures, Betaworks, as well as angels Kevin Scott, Seth Berman, Chung-Man Tam, Keith Coleman, Garrick Toubassi, Tikhon Bernstam, Michael Levit, Benjamin Ling, and Paul Buchheit.