Jan 03, 2013, 01.26 PM | Source: Reuters
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
With music everywhere, watch the show to get a fre
Launches next-generation Liebert Trinergy, Lieber
Aakash, the USD 35 computer launched last year in
E-governance solution to enable automated healthc
Sony Corp. declared a return to the smartphone bus
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77