Google close to buying Meebo for $100M, says tech site AllThingsD

Internet giant Google may be close to acquiring social platform Meebo for about $100 million, a tech site reported Saturday.

 

AllThingsD cited at least two sources close to the situation who disclosed this, even as both Meebo and Google have yet to officially comment.

 

"The company (Meebo) has dedicated the past seven years to all sorts of different social products and customers. First it was a Web-based instant message client (that’s still live as Meebo Messenger). Then it launched the Meebo Bar for publishers to add a persistent social sharing and advertising overlay on their sites," AllThingsD said.

 

Presently, Meebo’s homepage lets users “create an interest profile to get new and timely information about the things that matter to you.”

 

Meebo's latest product promises to help users cut through information overload, it added.

 

But AllThingsD said Meebo CEO Seth Sternberg has not replied to requests for comment.

 

It added a Google spokeswoman gave the standard “We can’t comment on rumor or speculation” response.

 

Meebo was founded in 2005 by Sternberg, Sandy Jen (now CTO) and Elaine Wherry (now an advisor), who met at Stanford.

 

It has raised more than $60 million, including a $25-million Series D round led by Khosla Ventures in 2010.

 

Meebo's other backers include Sequoia Capital and Draper Fisher Jurvetson. — ELR, GMA News