It seems Google is closing corners to launch its social networking initiative – Google Me, a Facebook competitor. With its latest move – acquisition of Slide Inc, a social widget makes, clearly indicates the head path of the company. Slide Inc develops applications and virtual goods for Facebook, MySpace and other websites.
Sources, familiar with such acquisition, confirmed that Slide acquisition is an initiative to strengthen social media development team inside Google as prime objective besides other purpose. A Technology blog Techcrunch valued the deal size $180 million. Slide Inc has 100 developers experienced in social media industry. The San Francisco company was started in 2005 by PayPal co-founder Max Levchin, who will join Google.
In announcing the takeover Friday, Google Engineering Director David Glazer said the company would be “investing even more to make Google services socially aware” and expand the social-networking capabilities further across the Web, according to a post on the company’s blog.