Member access

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

MICROSOFT CORPORATION (MSFT)

559
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Microsoft acquires start-up id8

01/02/2013 | 08:29pm 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 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
Latest news on MICROSOFT CORPORATION
2h ago Sony reports narrower second-quarter loss than estimated on strong PlayStatio..
1d ago Microsoft enters wearables market with Band health tracker
1d ago MICROSOFT : Minecraft looking to build on its position as number one app
1d ago WANTED Appoints a New President & CEO
1d ago MICROSOFT : unveils $199 fitness gadget, creates data-tracking system to rival A..
1d ago MICROSOFT : DEWA, Microsoft launch e-service app
1d ago MICROSOFT : unveils wearable fitness device
1d ago MICROSOFT : too offering big-picture health service
1d ago MICROSOFT : Dewa, Microsoft launch revamped services app
1d ago HDS Expands Flexibility, Control With Three New Choices for Private and Hybri..
Advertisement
Chart
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF