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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work