According to multiple sources -- but not the company itself, which so far has made no mention of the news on its website or in SEC filings -- Microsoft (NASDAQ:MSFT) yesterday bought start-up "smart home" software maker id8 Group R2 Studios.
Id8 was founded in 2011 by Silicon Valley entrepreneur Blake Krikorian, whose company invented the Slingbox media device that it eventually sold to EchoStar (NASDAQ:SATS). Reports indicate that Mr. Krikorian will be joining Microsoft, as well.
No details on the value of the transaction, or on id8's sales or earnings have been disclosed at this time. Microsoft is declining to comment.
Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Microsoft. Motley Fool newsletter services recommend Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.