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December 18, 2013 12:36 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/B_W0vA3777c/
PayPal Is Buying StackMob For Christmas
[Update:PayPalis buying StackMob. Original post follows.]Mobile backend service provider StackMobis being acquired in a deal expected to be announced soon, according to multiple TechCrunch sources. Weve heard from a few people the acquiring company is "down south." Some names that have been tossed around include Oracle and EMC, but we've yet to confirm.StackMob, a competitor to now Facebook-owned Parse, had raised $7.5 million in Series A funding in 2011, but was struggling to raise a B round, leading to the acquisition discussions.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/B_W0vA3777c/
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