Mobile Apps Provider 3Bill Buys Struggling Social Net Faces.com

3Bill, the mobile application technology provider, owned by payments and marketing firm Symbios Group has acquired Australian social network firm Faces.com. The financial terms of the purchase were not disclosed. The purchase of four year old Faces.com, which focuses on music, blogging and photos, comes just weeks after it shut down after failing to gain traction with users and just a fortnight after 3Bill snapped up profileheaven.co.uk, a social network aimed at teens. 3Bill said it plans to tie up its recent acquisition into a "super community" which it plans to launch this summer (release).

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