In a press release issued by Global IP Solutions today, Google Acquisition Holdings Inc. will make a cash offer to acquire all the issued and to be issued shares of Global IP Solutions stock. Translation: Google offered to buy the company for 68.2 million dollars in an effort to build their real-time audio and video Internet capabilities.
GIPS provides real-time audio and video over an IP network. Their customers range from Samsung to WebEx to Yahoo! and AOL.
May 20 update: At Google I/O, Google also casually announced its purchase of Simplify Media (an iTunes competitor) which offers software that allows you to share music, videos and photos using platforms like iTunes, iPhoto and Windows Media player. According to Vic Gundotra, Google VP, this technology will be used as a desktop app allowing access to DRM-free media on Android devices.
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