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Hot on the heels of Microsoft's proposed takeover of Yahoo, the Seattle-based megacorp announced the acquisition of Silicon Valley based gadget maker Danger, Inc.
Danger is a mobile software company best known for providing the operating system that powers the Hiptop (also known as the T-Mobile Sidekick), the must-have smartphone for gadget connoisseurs -- and text-happy teenagers -- in the pre-iPhone days.
The sale to Microsoft marks a change in strategy for Danger, which was poised to go public after filing for an IPO in December, 2007.
Jeff Brody, a venture capitalist with Redpoint Ventures and a member of Danger's board of directors, told EPICENTER, "Microsoft made us a better offer. And I think it's a win-win for both companies... There's a fair amount of turmoil in the public markets now, so I think that had some, some influence on us, but not much. ... We looked at the alternatives carefully as a board and decided to go with this."
Danger was founded in 1999 by ex-Apple executives. One cofounder, Andy Rubin, is now in charge of Google's Android mobile platform. Redpoint Ventures and Moibus Venture Partners provided venture funding. Terms of the acquisition were not disclosed.
Photo credit: Flickr/NickStarr
