Google announces the completion of acquisition of website company slide.com, this is their next step is so called wwf (War with Face book).Google has aquierd the site for $ 182 million and $ 46 million of employee bonuses.
Max Levchin who is initial founder of slide and who invested nearly $7 million on this project has received $39 million fro this acquisition.
Brief History:
Slide.com was launched in 2005 by Max Levchin co founder of Paypal.com with an initial investment of $ 1 million.
Slide build open application for different social networking sites and many more, but the break through came when facebook announced the allowance of open party platforms. Slide most popular since then. Other social networking sites are Hi5.com, bebo.com; Friendster.com.Slide received more funds which enhanced its technology and its productivity.
On August 6th, 2010 Google acquired slide.com as stepping stone for them in social networking competition with major sites like facebook.With the combination of Youtube,Piccasa and with a new armour joins Google. Now let’s wait and watch.
