Google Snags Social Apps Maker Slide

Kara Reeder

In a step toward social networking, Google has acquired Slide, the start-up that makes apps for social networking websites, reports The New York Times. Google will pay approximately $228 million for the company.

 

In an interview before news of the acquisition, Eric E. Schmidt, Google's chief executive, said:

 

We have understood for a long time that social stuff is very important ... The question that's in everyone's minds is why are we trying to create a competitor to Facebook, and the answer is we're not going to create a competitor to Facebook. It's something different.

 

Schmidt said it is unlikely that Google would become a significant gaming or entertainment source. Rather,

 

It's much more likely that we would become an infrastructure for those sorts of things.


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