Google’s new move to buy ‘Picnik’
Google has bought online photo-editing site Picnik. It will take about three weeks to complete the deal. The firm did not disclose the cost of buying this online photo-editing site. As, five-year old start-up Settlement, 20-strong team will start working on Picasa, Google’s online photo sharing service.
Last month, Google bought social search engine Aardvark and mobile e-mail service reMail and introduced a social network named Buzz. It also said it would offer ultra-fast broadband network service to thousands of US homes.
Since September, 2009, Google has bought eight companies, and threatened to leave China. Google claimed that the hackers in China had tried to infiltrate its software coding and the e-mail accounts of Chinese human rights activists.
Google chief executive Eric Schmidt said, “the company would resume its historic pace of acquiring one small company a month on average, with larger deals happening every year or two.“
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