From TechCruch:
Google, which is currently on one heck of a spending spree, is closing an acquisition of San Francisco based DocVerse, a service that lets users collaborate around Microsoft Office documents, we’ve heard from a source with knowledge of the deal. The purchase price is supposed to be around $25 million.
Docverse lets users collaborate directly on Microsoft Office documents. Appjet, another recent Google Acquisition, has a related product called EtherPad, although that team is reported to be working with Google Wave and the EtherPad source code has been released to the community.
Read Full Article Here:
http://www.techcrunch.com/2009/12/19/google-to-acquire-docverse-office-war-heats-up/
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