Google buys Meebo

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It’s been confirmed that Google has bought yet another company—this time it’s the Silicon Valley startup called Meebo. In order to expand Google’s social networking service, Meebo will bring more tools to Google+ and will serve as an alternative to Facebook as an online hangout place.

Meebo, which had been getting around 100 million total users per month, allows users to create interest profiles and enables publishers to boost user engagement. Its toolbar was also one of its most profitable schemes, integrating chat and a variety of sharing features as well as ads. Supposedly, Meebo was acquired at a price that is in the $100 million neighborhood and will now be part of the growing Google+ social structure.