Monrovia-based Green Dot, the provider of prepaid debit card products, reports today that it has completed its acquisition of Mountain View-based mobile social networking developer Loopt. The deal was worth approximately $43M in cash. Green Dot had announced the acquisition in March. The buy gives Green Dot access to both Loopt's mobile social networking software, but also a stable of developers in Mountain View. Green Dot said that Loopt's employees will continue to report to their Mountain View headquarters, and will become part of its information technology organization.
Top NewsWednesday, April 4, 2012
Green Dot Completes Loopt Buy