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Tuesday, January 3, 2012

MICROSOFT BUYS VIDEOSURF

➤ Microsoft has acquired VideoSurf, a San Mateo, Calif.,-based startup backed by Al Gore. The purchase price has been reported to be around $70 million, although neither company disclosed the terms of the buyout. VideoSurf scans the Web to find video content, which it then makes searchable for those using the site. Microsoft will incorporate VideoSurf’s technology into its Xbox 360 technology. “Over time, as we integrate VideoSurf’s technology into our system, we are excited about the potential to have content tagged in real time to increase the speed and relevance of the search results,” said Microsoft’s Alex Garden in a statement.

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