BT buys Ribbit for $105M
BT, the dominant British telecommunications company, has acquired Ribbit, a company that has styled itself “Silicon Valley’s first phone company,” for $105 million.
VentureBeat first heard news of the deal in July and reported it. At the time, the company’s spokesman Don Thorson adamantly denied that any deal had happened, but it was clear something was up. Today, the company confirmed the amount of the deal.
This is an impressive performance for Ribbit, which first launched in… Continue Reading