Monday, June 4, 2012

Google buys Meebo for $100M

Leave a Comment
The past months have been filled with acquisitions and rumors about them, from Facebook buying Instagram for $1 Billion Dollars and the rumor that the company is interested in Opera Software, to the just disclosed acquisition of Meebo by Google. Meebo? The web instant messenger that supported major protocols and services such as AIM, Windows Live, Facebook Chat, Yahoo Messenger, Google Talk and ICQ to name a few.
Meebo more recently launched a Meebo Bar that webmasters could display on their sites to increase engagement and revenue.
The announcement has been posted on the official Meebo blog, where no information besides the fact that Google is acquiring Meebo are revealed. Techcrunch has some background information about the deal,suggesting that it is in the $00 Million Dollar range, which is $30 Million more than the funding that Meebo received in four venture rounds in the past.

According to Techcrunch, the core product team will aid the Google+ team in building out publisher tools for Google’s social networking service. It is not really clear how these products will look like, but a likely scenario is the integration of core Google and third party protocols into Google+ to improve the social network site’s appeal to users. It is however likely that the services that Meebo is currently offering will either be shut down completely, or integrated partially or fully into Google+. Techcrunch reports further that layoffs are happening within the sales and marketing teams of the company.
The move once again highlights Google’s dedication to move forward with Google+ to create a counterweight to heavyweight services such as Facebook.

0 comments:

Post a Comment