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MICROSOFT CORPORATION (MSFT)
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Microsoft acquires start-up id8

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01/03/2013 | 01:29am CET
The interior of a Microsoft retail store is seen in San Diego

Microsoft Corp bought start-up id8 Group R2 Studios Inc as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said on Wednesday.

id8 Group R2 Studios was started in 2011 by Silicon Valley entrepreneur and investor Blake Krikorian. It recently launched a Google Android application to allow users to control home heating and lighting systems from smartphones.

Krikorian's Sling Media - which was sold to EchoStar Communications in 2007 - made the "Slingbox" for watching TV on computers.

Krikorian will join Microsoft with a small team, according to the Wall Street Journal, which reported the acquisition earlier on Wednesday. Microsoft also purchased some patents owned by the start-up related to controlling electronic devices, the newspaper added.

Krikorian and a Microsoft spokesman declined to comment.

Krikorian resigned from Amazon.com Inc's board in late December after about a year and a half as a director at the company, the Internet's largest retailer.

(Reporting By Alistair Barr; Editing by Steve Orlofsky)

By Alistair Barr

Stocks treated in this article : Amazon.com, Inc., Microsoft Corporation
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Financials ($)
Sales 2018 106 B
EBIT 2018 32 067 M
Net income 2018 26 153 M
Finance 2018 59 438 M
Yield 2018 1,86%
P/E ratio 2018 26,58
P/E ratio 2019 23,85
EV / Sales 2018 5,94x
EV / Sales 2019 5,39x
Capitalization 691 B
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Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 93,7 $
Spread / Average Target 4,6%
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NameTitle
Satya Nadella Chief Executive Officer & Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
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