Google in talks to buy mobile-payments company Softcard

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Google in talks to buy mobile-payments company Softcard - TechCrunch

Published Jan 17, 2015 02:01 Updated Jan 18, 2015 15:50

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Google in talks to buy mobile-payments company Softcard - TechCrunch

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(Reuters) - Google Inc (O:GOOGL) is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter.

The deal could help pair Google with the largest U.S. wireless carriers to battle Apple Inc (O:AAPL) and its new Apple Pay service, TechCrunch wrote.

The deal may be valued below $100 million, the report said citing sources. (http://tcrn.ch/1xc2Gsg)

Softcard is jointly owned by AT&T Inc (N:T), Verizon Communication Inc's (N:VZ) Verizon Wireless Inc and T-Mobile US Inc (N:TMUS).

Google was not immediately available for comment outside regular U.S. business hours.

"We do not comment on merger speculation," said a Softcard representative.

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Google in talks to buy mobile-payments company Softcard - TechCrunch

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