Singapore-based social voice messaging company Bubbly (formerly known as Bubble Motion) has been acquired for an undisclosed amount by India-based mobile VAS company Altruist Group, reports TechInAsia. Last week, TechInAsia had reported that it had learnt from sources that Bubbly was on the verge of liquidation, after a few acquisitions deals failed to work out. Also, it seems Bubbly had carried out the due diligence process a number of times in the past nine months, anticipating acquisitions. This deal will add the 40 million registered users Bubbly, which was first launched in February 2010, has across Asia and the Middle East, plus the 140 million users (claimed) of the SMS-based BubbleTalk service across India and the rest of Asia to Altruist’s portfolio of voice-based services. Bubbly CEO Thomas Clayton told the publication that most of its employees will move to…
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