PayPal Is Buying StackMob For Christmas

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http://techcrunch.com – [Update: PayPal is buying StackMob. Original post follows.] Mobile backend service provider StackMob is being acquired in a deal expected to be announced soon, according to multiple TechCrunch sources. We’ve heard from a few people the acquiring company is “down south.” Some names that have been tossed around include Oracle and EMC, but we’ve yet to confirm. StackMob, a competitor to now Facebook-owned Parse, had raised $7.5 million in Series A funding in 2011, but was struggling to raise a B round, leading to the acquisition discussions. Many have been hearing sim (IT news)