News Update: Google (NASDAQ:GOOG) Acquires Picnik Online Photo-Editing Site
3/2/2010-Shares of Google (NASDAQ:GOOG) are trading 0.4% higher to $534.78 premarket Tuesday after Reuters reported the search giant has acquired online photo-editing site Picnik, a 5-year-old Seattle-based start-up which said on its website that it has 20 employees. Google did not disclose the financial terms of the deal. Google spokesman Andrew Pederson said in an email message that the Picnik team has joined Google’s Seattle office and will work with Google’s Picasa photo sharing service group.