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Microsoft Acquires Start-Up id8: Source

Thursday, 3 Jan 2013 | 10:20 AM ET
Steve Ballmer, CEO Microsoft
Alexander Zemlianichenko Jr. | Bloomberg | Getty Images
Steve Ballmer, CEO Microsoft

Microsoft bought start-up id8 Group R2 Studios Inc as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said on Wednesday.

id8 Group R2 Studios was started in 2011 by Silicon Valley entrepreneur and investor Blake Krikorian. It recently launched a Google Android application to allow users to control home heating and lighting systems from smartphones.

Krikorian's Sling Media—which was sold to EchoStar Communications in 2007— made the "Slingbox" for watching TV on computers.

Global IT Spending Will Increase in 2013: Pro
Richard Gordon, managing VP at Gartner Research, tells CNBC that in 2013 they are looking for more positive growth in the tech market as confidence starts to improve.

Krikorian will join Microsoft with a small team, according to the Wall Street Journal, which reported the acquisition earlier on Wednesday. Microsoft also purchased some patents owned by the start-up related to controlling electronic devices, the newspaper added.

Krikorian and a Microsoft spokesman declined to comment.

Krikorian resigned from Amazon.com board in late December after about a year and a half as a director at the company, the Internet's largest retailer.

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