In the beginning of this week there were rumors about Google planning to buy out Gizmo5, the popular player in the phone over IP market. In the last few days Google officially confirmed the news to buy Gizmo5.
According to the published data, Google will buy Gizmo5 for $30 million dollars. Some experts say the purchase of Gizmo5 will allow Google to take a good competitive position in the phone over IP market, similar to Skype. This will expand Google's current IT giant technology Google Talk.
For the moment Gizmo5 will stop providing service to it's current customers ($6/month). Once the deal with Google is complete the service will be renewed.