SocialTimes wrote about Buddy Media (the company that owns and operates the Facebook currency AceBucks) buying the Versus Franchise from ChipIn’s CEO Carnet Williams:

Over a month ago I received rumors that Carnet Williams was entertaining offers worth millions of dollars. As a result, I would guess that this acquisition was a combination of both cash and ownership in a more stable company. This acquisition illustrates the importance of partnerships and acquisitions in the highly volatile market of Facebook applications. This is a great move by Buddy Media and it will be interesting to see how they maintain their dominance in such high risk environment. If you’d like to read more about the acquisition go check out the Buddy Media blog post.

– Nick O’Neill @ Social Times

Tags: AceBucks