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Delayed Quote. Delayed  - 09/27 03:43:21 pm
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Microsoft acquires start-up id8

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01/03/2013 | 01:29am CEST

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 2017 93 828 M
EBIT 2017 28 349 M
Net income 2017 19 346 M
Finance 2017 64 706 M
Yield 2017 2,69%
P/E ratio 2017 23,19
P/E ratio 2018 18,52
EV / Sales 2017 4,04x
EV / Sales 2018 3,77x
Capitalization 443 394 M
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 59,9 $
Spread / Average Target 5,2%
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Satya Nadella CEO & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Amy E. Hood Chief Financial Officer & Executive Vice President
Harry Shum Executive Vice President-Technology & Research
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