id8 Group R2 Studios: As reported yesterday by The Wall Street Journal, startup company id8 Group R2 Studios Inc. is a hot commodity at the present time. In fact, the home automation startup is so hot that many big name companies – including Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT) – are interested in an acquisition.
While it is common for these types of tech companies to acquire start-ups, it is a bit rare when all three of the “big dogs” are chasing after the same one.
Making this even more amazing is the fact that R2 Studios only has one product on the market – and it is nothing special or unique. AppleInsider has shed some light on this detail:
R2 Studios is developing home automation technology, but as of yet does not have any products on the market aside from an Android application that can control heating and lighting systems.
R2 Studios has been a bit secretive regarding its plans for the future. Here is an excerpt from The Wall Street Journal (linked above) explaining the company’s past in greater detail: