Dan Bobkoff

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All Tech Considered
3:23 am
Mon September 24, 2012

Employee Shopping: 'Acqui-Hire' Is The New Normal In Silicon Valley

A Google logo is seen through windows of Moscone Center in San Francisco during Google's annual developer conference, Google I/O, in June. Google is one of several major tech companies known for the "acqui-hire."
AFP AFP/Getty Images

Originally published on Tue September 25, 2012 9:08 am

Tech companies like Google, Facebook and Zynga are on a shopping spree. They're buying small startups with innovative products and apps. But, many times, the tech giants don't care about what the small companies were producing. They just want the engineers.

There's a new name for these deals: the "acqui-hire," and it could mean the end to your favorite app.

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