Google Mines More Talent with Sparrow Acquisition
Google Mines More Talent with Sparrow
Acquisition
Internet search giant Google announced on Friday that it has reached an agreement to acquire Sparrow, a company that sells a popular email app for Apple's iPhones, iPads and Mac PCs. The move was essentially a talent-driven acquisition, as Google will reemploy Sparrow's five employees to new projects at Google's massive Gmail email service. Sparrow, the app, will be kept running, and support will still be available, but no significant updates will be developed for the application in the future.
Financial terms of the deal were not disclosed, but insiders speculated the purchase price was under $25 million, which would barely make a dent in the $43 billion the company has in cash reserves, leaving it in a solid position to continue expanding. This is certainly not Google's first acquisition made purely to add talent, as the Mountain View, California-based company just last month purchased social advertising platform Meebo for $100 million and shifted its entire work force over to its Google+ social network. And two years ago, the tech titan spent $50 million on a social search firm called Aardvark, absorbing its staff and completely shutting the firm down last September.
Internet search giant Google announced on Friday that it has reached an agreement to acquire Sparrow, a company that sells a popular email app for Apple's iPhones, iPads and Mac PCs. The move was essentially a talent-driven acquisition, as Google will reemploy Sparrow's five employees to new projects at Google's massive Gmail email service. Sparrow, the app, will be kept running, and support will still be available, but no significant updates will be developed for the application in the future.
Financial terms of the deal were not disclosed, but insiders speculated the purchase price was under $25 million, which would barely make a dent in the $43 billion the company has in cash reserves, leaving it in a solid position to continue expanding. This is certainly not Google's first acquisition made purely to add talent, as the Mountain View, California-based company just last month purchased social advertising platform Meebo for $100 million and shifted its entire work force over to its Google+ social network. And two years ago, the tech titan spent $50 million on a social search firm called Aardvark, absorbing its staff and completely shutting the firm down last September.
Comments
Top Stories
Latest DT's
-
2 months ago by Geno -
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
3 months ago by Geno
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
0 Comments
Click here to sign up now.