Google Acquires Slide in Efforts to Create Worthy Competition with Facebook
Google has acquired a company called Slide today, in a move that they hope will help them find out the winning formula to succeed where they have failed in the past in social media.
After unsatisfactory results with Google Wave and Buzz, rumors have been circulating that Google is trying once again to come up with what the masses of the internet have dubbed the "Facebook Killer" of social media. Slide is the product of PayPal co-founder Max Levchin, and is responsible for such Facebook apps such as Super Poke and Top Friends.
According to Reuters, an unnamed source claims that Google paid $182 million for Slide, in addition to $46 million in employee retention benefits. Seems like a pretty-penny for a company with only 125 employees, but if the deal helps Google step up their game and challenge Facebook, it'll be worth every penny.
Source: Engadget, Reuters
