Google Inc is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter.
The deal could help pair Google with the largest U.S. wireless carriers to battle Apple Inc and its new Apple Pay service, TechCrunch wrote.
The deal may be valued below $100 million (roughly Rs. 616 crores), the report said citing sources.
“People at Softcard have a limited view on what’s going on,” one source told TechCrunch. “The whole place has been in a complete depression for at least six to eight months, to the point where people weren’t coming to work, and were being told in December to take it easy through the end of the year. In general, it’s not a culture with a lot of transparency, so a lot of people are thinking the worst.”
Softcard is jointly owned by AT&T Inc, Verizon Communication Inc’s Verizon Wireless Inc and T-Mobile US Inc.
Google was not immediately available for comment outside regular U.S. business hours.
This post was submitted by superblogger.
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