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Thread: Microsoft bidding to acquire Facebook apps developer

  1. #1
    riteshtechie's Avatar
    riteshtechie is offline Software Developer
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    Default Microsoft bidding to acquire Facebook apps developer

    Microsoft may be looking to get into Facebook apps development in a big way and true to its style the software giant is bidding to acquire an existing company. According to Bloomberg, Microsoft in one of the companies bidding for Crowdstar; a developer that has reportedly made a truck-load of money by selling virtual items for their fish-care game “Happy Aquarium”.

    Some in the industry are estimating the company’s value at 200 million US dollars. An astonishing value since the company is just two years old and has a relatively tiny headcount of 20 employees. Besides Happy Aquarium, Crows Star’s other Facebook games are Know-It-All Trivia, Happy Pets and Happy Island.

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  2. #2
    ameya is offline Beginner
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    wow that is a rich valuation for a company just 2 years old and susceptible to variations in the public fancy. well i suppose companies like microsoft have to take a risk as u never know from where the next big thing is going to come from.

  3. #3
    HappyAndyK's Avatar
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    Exactly... and MS seems to be wanting to place its eggs in ...well... all baskets

  4. #4
    nitinagarwal1988's Avatar
    nitinagarwal1988 is offline Microsoft MVP
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    well this will gonna be another name in the long list of mergers and acquisitions by Redmond giant. check the whole list of acquisitions so far by Microsoft:

    List of mergers and acquisitions by Microsoft

    Microsoft Investor Relations - Acquisitions

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