Google Acquires Slide

Google Inc. (NASDAQ:GOOG) has acquired social application company Slide. This further indicates Google’s plan to create a social networking ecosystem to challenge Facebook. No word on the acquisition price, but there is speculation that the deal was worth $228 million plus $46 million in retention bonuses. Google’s future social initiative has the codename Google Me. Slide is known for the SuperPoke and Top Friends applications on Facebook. [eWeek]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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