Last month, we reported that Apple along with Microsoft and Google were in talks to acquire home automation company R2 Studios. R2 was created in 2011 by Krikorian who founded Sling Media Inc., maker of the Slingbox TV streaming device.
Today, The Wall Street Journal reports that Microsoft has won the bidding war. Microsoft will use the acquisition to improve its Xbox division and increase its presence in the living room. The price of the acquisition was not disclosed.
“Microsoft Corp. MSFT +3.41% has acquired a small home-entertainment technology startup to beef up its Xbox unit, according to people familiar with the matter.
The company, id8 Group R2 Studios Inc., was created by entrepreneur Blake Krikorian in May 2011. Mr. Krikorian will be joining the Redmond, Wash., software giant with a small team. As part of the deal, Microsoft also acquired some patents owned by the startup related to controlling electronic devices.
The price of the deal couldn’t be learned.”
R2 Studios is currently developing a home automation technology, but as of now, it does not have any products in the market except for an Android application.