Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Microsoft Corporation    MSFT   US5949181045


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Microsoft acquires start-up id8

01/02/2013 | 07:29pm US/Eastern

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 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 :, Inc., Microsoft Corporation
Recommend :
React to this article
1h ago MICROSOFT : Redline Trading Solutions Extends Windows Support to InRush Ticker P..
1h ago MICROSOFT : OAS and Jamaican Government Present Draft National Cyber Security St..
1h ago MICROSOFT : Rockstar Games to Launch Grand Theft Auto V
1d ago Microsoft boosts dividend 11 percent, adds new directors
1d ago MICROSOFT : Confirms Windows 9 Event for September 30
1d ago MICROSOFT : announces board changes and quarterly dividend increase
1d ago MICROSOFT : School Board Action
1d ago MICROSOFT : G2: Pass notes: Pass notes No 3,384 Markus Persson
1d agoDJTECH STOCKS : Microsoft, Pandora Lead Tech Higher
1d ago MICROSOFT : announces board changes and quarterly dividend increase
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Income Statement Evolution
Microsoft Corporation : Income Statement Evolution
More Financials
Dynamic quotes