Tapjoy, which works with developers to distribute and monetize their apps, is actively exploring a sale, according to several sources with knowledge of the company's discussions. Possible candidates include Zynga and the Japanese mobile gaming giants GREE and DeNA.
By Eric Caoili From Gamasutra
Social app and game monetization firm Tapjoy is approaching several major players in the social games industry (e.g. Zynga) about possibly acquiring its operations, according to media reports.
Though the San Francisco-based ad network's chief executive Mihir Shah has declined to comment on the rumor, Tapjoy did hire Al Wood as its new chief financial officer in July -- the executive previously helped guide mergers and IPOs at Veraz Networks and PalmSource.
Tapjoy, which was founded in 2007 and acquired in 2010 by Offerpal (the company rebranded itself as Tapjoy), has made two other high-profile appointments recently: ex-SCEA SVP Peter Dille as its chief marketing officer, and ex-Yahoo VP Jim Jones as its VP and Sales GM.
This report of possible sale negotiations come a month afterTayjoy launched its App Marketplace for reviewing/sharing mobile apps and earning virtual currency; and two weeks after the company announced a PapayaMobile partnership for an Android social games marketplace.
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