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After last week’s rumors, It’s now official: BT bought Ribbit for 105M.
More here.
BT today announced it has acquired Ribbit Corporation, a Silicon Valley-based ‘Telco 2.0′ platform company, for $105 million in cash, on a cash-free, debt-free basis. The acquisition will accelerate BT’s strategy to transform itself into a next- generation, platform-based, software-driven services company.
Congrats to all the Ribbit team!
