PayPal buys VC-backed StackMob

According to an announcement on its site by CEO and co-founder Ty Amell, StackMob has been acquired by PayPal. No financial terms were disclosed. Based in San Francisco, StackMob is a mobile platform provider that helps developers create a mobile business. Its backers were Trinity Ventures, Harrison Metal Capital and Baseline Ventures. To read the post, visit here.

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