Google buys Picnik

However, the company did not disclose the financial terms of the deal for Picnik. Google spokesman Andrew Pederson said in an email message that the Picnik team has joined Google’s Seattle office and will work with Google’s Picasa group.  The deal is the latest example of Google’s increasing appetite for acquisitions, as the company’s core internet search business has benefited from a recovery in the advertising sector.

In October, Google CEO Eric Schmidt said, the company would resume its historic pace of acquiring one small company per month on average, with larger deals happening every year or two.

Last month Google acquired Aardvark, a social search engine and mobile Web email service reMail.

DH Newsletter Privacy Policy Get the top news in your inbox
Comments (+)