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Mobile Apps Provider 3Bill Buys Struggling Social Net Faces.com

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3Bill, the mobile application technology provider, owned by payments and marketing firm Symbios Group has acquired Australian social network firm Faces.com. The financial terms of the purchase were not disclosed. The purchase of four year old Faces.com, which focuses on music, blogging and photos, comes just weeks after it shut down after failing to gain traction with users and just a fortnight after 3Bill snapped up profileheaven.co.uk, a social network aimed at teens. 3Bill said it plans to tie up its recent acquisition into a “super community” which it plans to launch this summer (release).

SEE ALSO: Mobile Apps Provider 3Bill Acquires UK Social Network Profile Heaven

Mar 11, 2008 8:22 AM ET

Posted In: Entertainment, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Companies, 3bill, faces.com

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