Google Inc. (Nasdaq: GOOG) has acquired Nik Software, which makes tools for editing and sharing pictures, for an undisclosed amount.
San Diego-based Nik developed Snapseed, a mobile application that allows users to edit photographs.
The deal, which was announced on Sept. 17, came after Facebook Inc. (Nasdaq: FB) acquired Instagram, a mobile application that allows users to edit and share photographs, for $1 billion, in a deal that included $300 million in cash plus 23 million shares of stock and closed Sept. 6.
Mergers & Acquisitions identified Nik as a likely target back in May. For more Instagram competitors that may get snatched up, read, “Smile. More Targets Follow Instagram Sale.”