Stock in Headlines: Google (NASDAQ GOOG) Acquires Directr

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YouTube, the video service of Google Inc (NASDAQ GOOG) acquired Directr, a mobile video-editing start-up to boost its advertising initiatives. YouTube said there will be no other immediate changes to the services of Directr aside from making the app free for iOS users.

Directr enables users to shoot and edit short video clips through its iOS app. According to YouTube, acquiring the mobile-video editing startup would enable it to provide producers with tools to create better videos. YouTube confirmed the acquisition in a post on Google+, which reads: “Directr is joining the YouTube ads team, where they’ll help us make it easier for advertisers to create and upload awesome videos.”

Google Inc (NASDAQ GOOG) News: Youtube & Directr

According to YouTube, there will be no other immediate changes to the services of Directr aside from making the app free for iOS users. On the other hand, Directr said, “Our small band of scrappy film lovers set out two years ago to help regular folks make a great video. Today we are incredibly excited to take the next step on that journey and announce that we are joining the video ads team at YouTube.”

YouTube did not disclose the terms of the acquisition. Observers in the technology industry suggested the possibility that it paid a modest amount for Directr citing the reason that it only raised $1.7 million funding from several investors– Boston Seed Capital, Nextview Ventures, Advancit Capital and individual investors led by Alexis Ohanian, co-founder of Reddit.

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Google Inc Financial News (NASDAQ GOOG)

Yesterday, Google Inc (NASDAQ GOOG) acquired Emu, a mobile texting app with built-in virtual assistant. Emu uses artificial intelligence—machine learning and natural language processing to understand messages and adds important information to help users organize their schedule, share their location in real time or set reminders to do something.

Google Inc (NASDAQ GOOG) did not disclose the terms of the deal and decided to shut down Emu app following the acquisition. The Emu app will no longer exist at the App store effective August 25. The Emu team will join the search engine giant.

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