Google Acquiring Meebo For Around $100 Million
Google is acquiring Meebo, a website toolbar and ad platform company. When Meebo first launched seven years ago, they were an web-based instant messaging service that let you log into multiple services simultaneously like AIM, MSN, Google Talk, Yahoo!, etc. Meebo had raised around $70 million across four venture capital rounds. The product team at Meebo will now be responsible for building publisher tools for Google+. Unfortunately Meebo was set to have mass layoffs in their New York Office within their sales and marketing team right before the acquisition took place. Meebo currently attracts an install base of 100 million monthly active users. It is unknown whether Google will continue to work with Meebo’s existing publisher partners.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
We are happy to announce that Meebo has entered into an agreement to be acquired by Google!
For more than seven years we’ve been helping publishers find deeper relationships with their users and to make their sites more social and engaging. Together with Google, we’re super jazzed to roll up our sleeves and get cracking on even bigger and better ways to help users and website owners alike.
We’ve had a blast building Meebo so far and we’re really excited to start the next leg of our journey.
Thank you all for coming along for the ride!