Google acquires Meebo (chat)

Companies in Relationship

Google, Meebo

Deal Facts

Initial Announcement Date: 6/12

Consideration: $100M (Source: Bloomberg)

Meebo lets users chat with each other across different instant message services. Google acquired the company in 2012 and is integrating the service into Google+.

Strategic Implications

This is a classic acqui-hire with Meebo's core offerings being shut down so that the talent from the acquired team can focus on technology tightly tied to Google+.

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