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Articles tagged with: auction

eBay Inc. Acquires Zong

eBay said this morning that it is acquiring Zong, a venture-backed mobile payments provider, for about $240 million in cash.

Zong works with more than 250 mobile network operators worldwide, offering localised payment services on a user’s mobile phone or PC through their carrier billing. Consumers have to enter their mobile phone numbers and then, in a matter of seconds, Zong verifies that number and clears the payment on the customer’s existing wireless service account.

Google Bids $900 Million For 6,000 Patents

Nortel has announced plans to sell all of its remaining patents and applications to Google for $900 million, unless of course there is a better bid. Google’s throwing down the big bucks for 6,000 patents, covering wired, wireless and digital communications technologies. Although ZDnet speculates that some of these patents will be used for Google’s mobile operating system, Android, it is uncertain what the majority will be used for. Google stated in so many words that…