Google acquires Slide (social networking apps)
Companies in Relationship
Initial Announcement Date:
Consideration: $179 million cash (Source: Google 10-K) + $46 million in retention bonuses (TechCrunch)
Google acquires Slide, Inc. for $179 million. According to TechCrunch, Google also agreed to pay an additional $46M in employee retention bonuses. Slide is a social entertainment company that develops online applications for social networking websites. Slide offers slideshow, image and video personalization, guestbook, and virtual gift applications for social networks such as Facebook, MySpace, and Friendster.
In announcing the Slide deal, Google stated it plans to invest even more in making Google services "socially aware."
August 2011 -- Google will dissolve Slide and focus its social networking efforts on Google+. According to AllThingsD, Slide founder Max Levchin (who also is a founder of PayPal) will be leaving the company. Apparently Levchin found himself on the fringes of Google+, the core social initiative. Many of the Slide team join the YouTube group.
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