Peter Kafka

Recent Posts by Peter Kafka

Google’s Grab of the Week: Android Video Chat-Maker Global IP Solutions

It has been nearly three weeks since Google bought a company. You didn’t think it was done buying, did you?

So here’s Global IP Solutions, which specializes in Internet voice and video chat. Google plans to buy the publicly traded company, which began life in Sweden and now hails from San Francisco, for $68 million.

As PaidContent notes, it’s fairly easy to see why Google (GOOG) would be interested in the company: Last month, GIPS announced a product that makes it easy for developers to integrate voice and video chat with Android apps.

GIPS will be Google’s 15th publicly disclosed buy since last summer, assuming there’s no On2-like drama with the deal. Google’s offer represents a 26 percent premium over the current trading price for GIPS and a 140 percent premium since the company announced it was playing footsie with a potential buyer back in January.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald