Google acquires Slide for $182 Million

Google has agreed to buy Slide for $182 million, in a deal to be announced on Friday. According to sources "this isn't the last move Google is going to be making to cobble together a serious social gaming and apps strategy to counter Facebook. As reported earlier, Google invested in Zynga to form the cornerstone […]

Google has agreed to buy Slide for $182 million, in a deal to be announced on Friday. According to sources "this isn't the last move Google is going to be making to cobble together a serious social gaming and apps strategy to counter Facebook. As reported earlier, Google invested in Zynga to form the cornerstone of Google Games, which Eric Schmidt somewhat confirmed will launch later this year.

No word on whether Slide founder Max Levchin will be joining Google or what his continuing role will be. $182 million is a nice exit no doubt, but it's a come down from Slide's $500 million valuation in 2008. And Levchin has said many times that success to him was Slide becoming bigger than PayPal.

[Source]