31772a6dd13fa30012a6de614c7ac0fc9734955e5797a33812 Money And Knowledge: Microsoft acquires start-up id8: Source

Microsoft acquires start-up id8: Source


Microsoft bought start-upid8 Group R2 Studios as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said.

id8 Group R2 Studios was started in 2011 by Silicon Valley entrepreneur and investor Blake Krikorian. It recently launched a Google Androidapplication to allow users to control home heating and lighting systems from smartphones.

Krikorian's Sling Media - which was sold to EchoStar Communications in 2007 - made the "Slingbox" for watching TV on computers.

Krikorian will join Microsoft with a small team, according to the Wall Street Journal, which reported the acquisition earlier. Microsoft also purchased some patents owned by the start-up related to controlling electronic devices, the newspaper added.

Krikorian and a Microsoft spokesman declined to comment.

Krikorian resigned from Amazon.com Inc's board in late December after about a year and a half as a director at the company, the Internet's largest retailer.