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Google (NASDAQ:GOOG) has acquired Wildfire, a provider of solutions that help advertisers manage...

Jul. 31, 2012 4:53 PM ETAlphabet Inc. (GOOG) StockGOOG, CTCT, METABy: Eric Jhonsa, SA News Editor1 Comment
Google (NASDAQ:GOOG) has acquired Wildfire, a provider of solutions that help advertisers manage social media activity. The price tag is reportedly around $250M. Oracle and Salesforce.com have also bought startups in this space, evidence tech companies are bullish on Facebook (NASDAQ:FB) ad spending even if Wall Street still has doubts. Google's purchase allows its growing display ad unit to cross-sell social media ads. Constant Contact (CTCT -5.3%), another player in this market, fell sharply.

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