Google reportedly close to buying social startup Meebo for roughly $100M
Google is reportedly close to buying social startup Meebo at roughly $100 million, AllThingsD reported this evening. Citing “two sources familiar with the matter,” the publication said the deal is close to going down.
Meebo launched in 2005 and has had many products over the years like a web-based and smartphone-based IM client and a tool bar that can be loaded on websites to provide readers with social links. These types of toolbars can be found on TMZ, TV Guide, and more. Most recently, the startup launched a new homepage that lets you “create an interest profile to get new and timely information about the things that matter to you.”
Over the years, the Mountain View, Calif.-based (how fitting) startup raised $60 million in funding to date. It most recently raised a monster round of $25 million from Khosla Ventures in 2010.
If the acquisition goes through, Google will most likely use the team and technology to boost its social network/heavy Facebook competitor Google+. More recently, Google bought out Digg-founder Kevin Rose and his team of employees from their endeavor called “Milk.” Rose and his former team are currently assigned to work on Google+, which we expect to be the same fate for the Meebo team.
