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Friday, August 15, 2014

Google buys city-guide app maker JetPac, (NASDAQ: GOOG)

Google Inc is buying JetPac Inc, the startup that designs social travel applications disclosed on its website on Friday, without providing details. "We'll be removing Jetpac's apps from the App Store in the coming days, and ending support for them on 9/15," stated a posting on JetPac's homepage. ( Francisco-based JetPac has created a mobile application that uses pictures from various social networking sites to create city guides.Earlier this year, Google bought Nest Labs Inc, which makes smart thermostat and smoke alarms, for $3.2 billion, making the deal one of the largest in Google's history.Google was not reachable for comment outside of normal business hours. (Reporting By Tanvi Mehta in Bangalore; Editing by Ken Wills)

Google Inc. (Google), is a global technology company. Shares of GOOG fell by 0.2% or $-1.17/share to $573.48. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1629070 shares of GOOG exchange hands on a given day and today's volume is recorded at 1517056.