Microsoft acquires start-up id8-source
SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) 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 (AMZN.O) 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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Barack Obama sharply criticized China's plans for new rules on U.S. tech companies, urging Beijing to change the policy if it wants to do business with the United States and saying he had raised it with President Xi Jinping. Full Article
Exclusive - Payment delays dent India's flagship health, AIDS programmes Full Article