Visa Expands Digital Payment Options With Purchase of PlaySpan

Visa has agreed to acquire PlaySpan, which handles transactions for virtual goods in online games, digital media and social networks around the world. Visa will pay about $190 million in cash, plus undisclosed payments for hitting future milestones. The Santa Clara, Calif., company is privately held and backed by Easton Capital, Menlo Ventures and other funds.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald