'Ngmoco next in Google spending spree'

'Ngmoco next in Google spending spree'

By Ben Parfitt

August 12th 2010 at 11:30AM

Search giantâ??s gaming aspirations turn up a notch with rumoured investment in successful iPhone developer

Google Ventures, the venture capitalist arm of the internet company, has reportedly invested between $3-5m in successful iPhone games developer Ngmoco.

Already this month Google has been linked with two possible games acquisitions – the first a $182 deal for developer Slide and the second a rumoured buyout of in-app payment specialist Jambool. Google is also said to have invested heavily in Zynga.

TechCrunch says that the investment values Ngmoco at around $100m and follows shortly after the developer secured round C funding of $25m.

The full story can be found over at MCV