December 2011

The social gaming site hi5 was acquired by the San Francisco-based Tagged on Wednesday. Tagged is the third-largest social networking site after Facebook and Twitter. The Wall Street Journal was first to report this acquisition. The terms of acquisition are not yet disclosed.

 

This acquisition is mainly for large user base. Currently Hi5 has about 200 million registered users where as Tagged has 100 million registered users. This acquisition would double Tagged user base said Greg Tseng, Tagged cofounder and CEO. In the press release yesterday, Tseng made the following statements about the acquisition.

 

Google has acquired a startup clever sense which would help the search giant to improve their search products and local recommendations. The CEO and founder of clever sense Babak Pahlavan confirms this acquisition right at the home page of clever sense site.

 

Clever sense is a technology built to solve the information overload problem. It is a solution built to recommend restaurants, night clubs and other favorite places all with artificial intelligence and previous data.