* Google paid $182 mln, $46 mln retention bonuses - source
* Slide to help infuse social features in Google products
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By Alexei Oreskovic
SAN FRANCISCO, Aug 6 Google Inc (GOOG.O) bought
social networking company Slide as the Internet search and
advertising company bolsters its social networking capabilities
to compete with Facebook.
Google paid $182 million for Slide, along with $46 million
in employee retention bonuses, according to a person familiar
with the deal. Google did not disclose financial terms.
Slide was founded by PayPal co-founder Max Levchin.
"As the Slide team joins Google, we'll be investing even
more to make Google services socially aware and expand these
capabilities for our users across the Web," Google Engineering
Director David Glazer wrote in a company blog on Friday.
Google has struggled to find the right touch in creating
the types of social networking services that have become
increasingly popular online activities for consumers.
On Wednesday, Google announced it would pull the plug on
Google Wave, a high-profile social networking product that
launched last year.
Media reports have said Google is developing a new social
networking product dubbed Google ME in a bid to challenge
Facebook, which has more than 500 million users worldwide.
Slide has roughly 120 employees. Almost all are expected to
join Google as part of the acquisition.
The purchase of Slide is the latest of a string of recent
acquisitions by Google, including recently announced plans to
buy online travel company ITA Software for $700 million.
Google, based in Mountain View, California, has bought 22
companies in the first six months of 2010, according to the
company's most recent quarterly filing with the SEC.
Slide was founded by Levchin in 2005 and had raised roughly
$75 million in venture funding from firms including the
Mayfield Fund and Khosla Ventures.
Google's Slide acquisition was first reported by the
technology blog TechCrunch earlier this week.
(Reporting by Alexei Oreskovic. Editing by Robert MacMillan,