M2 Global Buys iKobo Assets

M2 Global Ltd. (BSX: M2G) has acquired the assets of iKobo Inc., an Atlanta-based provider of online electronic payment and remittance services. No financial terms were disclosed. IKobo had previously discontinued operations, after having received over $13 million in VC funding, from firms like Total Technology Ventures, Council Ventures, WS Investments LLC, Silicon Alley Venture Partners, Greenhill Capital Partners Global Bank of Commerce.

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