Android Market Share Hits 20% – According to new data released by Quantcast, Android’s Google OS has reached 19.9% in operating system market share for mobile devices. The iPhone OS (iOS) still leads, however, at 58.8%.

Criterion Capital Partners Acquires Bebo – Earlier this week, financial advisory firm Criterion Capital Partners, LLC (CCP) announced that it has acquired the social media network Bebo from AOL Inc. Not all details behind the deal have been revealed, but CCP is said to have purchased the social network for $10 million or less and has assumed all rights to and complete global operating control of the youth-oriented site.

GodFinger Launches Globally – For the longest time, the only way to get a hold of ngmoco’s GodFinger outside of Canada was through the iPad. This week, the company launched the free-to-play app on a global scale for the iPhone and the iPod Touch.

Ning Adds Game Channels – Wednesday, social network platform Ning announced partnerships with CafePress and HeyZap. Now, users that use Ning to create their own social networks will be able to integrate custom CafePress shops that sell branded items, as well as HeyZap’s collection of pay-to-play games to their networks.

GameCoins Going Mobile – Sometric’s virtual currency portal GameCoins.com looks to be expanding its market. Chief executive Ian Swanson says the company will soon move beyond its typically supported games and begin adding support for the mobile games space as well.

Worlize to Build User-Generated Social Gaming Platform – According to TechCrunch a small startup by the name of Worlize is launching the private beta of its coming product this week. Unfortunately, all that is known at this time is that it is being called the first user-created social gaming and chat platform for Facebook and other such networks.

Nexon May Get Facebook Connect – According to CEO Daniel Kim, Nexon America is currently “researching” ways that it could integrate Facebook Connect with its currently collection of free-to-play games. Moreover, the integration would not be game to game but rather based on a player’s account, thus affecting any Nexon games the user currently plays.

Social Gaming Network Raises Funds – Though they’ve been quiet for some time, Social Gaming Network has just recently come back onto the scene after raising $2 million in financing from Tomorrow Ventures. Additionally, the social developer has also launched its newest title EXO-Planet Elite for the various iDevices.

Microsoft’s Xbox Cashes in on Virtual Goods - Microsoft’s Xbox Live service, via the Xbox 360, has apparently been raking in the cash with its virtual goods business. This revenue includes movies, music, content pack downloads and “bite-sized” games in addition to avatars’ clothes and accessories and has been growing steadily, according to Microsoft executive Dennis Durkin. With 25 million Xbox Live members around the world, about 56% upgraded to the Gold subscription service ($50 a year).