Google Buys Email Technology Start-Up Sparrow

Date : 07/20/2012 @ 1:46PM
Source : Dow Jones News
Stock : Altaba Inc. (MM) (AABA)
Quote : 67.51  0.06 (0.09%) @ 8:00PM

Google Buys Email Technology Start-Up Sparrow

Alphabet Inc (NASDAQ:GOOG)
Historical Stock Chart

5 Years : From Oct 2012 to Oct 2017

Click Here for more Alphabet Inc Charts.
   By John Letzing 
 

Google Inc. (GOOG) has acquired email technology developer Sparrow, as the Internet search giant seeks to bolster its Gmail service.

Paris-based Sparrow announced the transaction on a company website. Terms of the deal were not disclosed.

"We're joining the Gmail team to accomplish a bigger vision--one that we think we can better achieve with Google," Sparrow Chief Executive Dom Leca wrote.

Mr. Leca added that the firm will continue to make its service available to users. The CEO thanks a number of individual Sparrow investors including early Facebook Inc. (FB) employee and current Path Inc. CEO Dave Morin.

Google unveiled Gmail in 2004. The service is gaining ground on those offered by Google rivals Yahoo Inc. (YHOO) and Microsoft Corp. (MSFT), according to comScore Inc. data.

According to the data Gmail's number of total unique visitors rose 17% in June compared to the same month last year, reaching about 277.6 million. Meanwhile Microsoft's Hotmail saw visitors drop 4% over the same period to about 324.2 million in June, while Yahoo saw visitors climb 2% to roughly 290.3 million.

Write to John Letzing at john.letzing@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


Latest AABA Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.