TechCrunch: Google Buys Slide.com For Just $182 Million
According to TechCrunch.com, Google will announce on Friday that it has bought the social gaming company Slide.com For $182 Million Dollars.
A Businessweek article from 2007 quoted Slide investor David Weiden of Khosla Ventures as saying:
“If Slide cashes out for $1.5 billion, Levchin “would regard it as abject failure.”
“As one of the pioneer app developers on popular social networking sites like Facebook and MySpace, Slide has become the world’s leading community-driven entertainment company. We offer millions of people worldwide the ability to engage, communicate and socialize with one another through our portfolio of fun apps and virtual communities including SuperPoke! Pets, Top Fish, SPP Ranch and SuperPocus Academy of Magic. Our users can create their own masterpieces with virtual jellybeans, care for their online pets, or send virtual gifts to all of their friends.
As we look at the future of social entertainment, Slide’s vision is to build communities that fuel the creation and distribution of virtual goods—a market that is forecasted to hit at least $1.6 billion in the U.S. this year.”
Interestingly according to SharesPost.com the last private transaction was on March 2010 for $1.10 a share, putting the value of the company at $131M.
Currently there is an offer to sell 50K-100K shares at $6 a share, putting the valuation of the company at $718M.
Guess your glad you didn’t take that deal.
Google is also a major investor in the leading social gaming company, Zynga.
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Consistent with the Nielsen report, Google is going after this market very aggressively to make for the lack in Social Networking market share.
I guess I need to get out more cause I never heard of slide.com. Those damn domain blogs are just too interesting.
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Google will buy our entire Planet a bit a time… :[
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and SOON we’ll see a $99 GooStation: newgoos.blogspot.com/2009/08/new.html
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and SOON we’ll see a $99 GooStation:
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one of the Google’s goals, while buys Slide and invests in Zynga, is to try to cut the Facebook’s legs, since, the “price” of Facebook (over $15 billion) is too high also for a big company like Big G, and, also, because Google is close to start its next attempt in the social networks’ business