There are two news from Google (@google) , the first news is the Google acquisition of Slide. Slide is the largest social entertainment company in the world and developers of the most engaging applications on social networks. Slide is a pioneer in the development of self-expression services since several years ago.
Here’s the official statement from Max Levchin (@mlevchin), the founder of Slide.

Official Statement from Max Levchin
The second news is about Google Wave, in their official Google blog, they state that they will stop the development of Google Wave as a standalone product. Google Wave will still be accessible until the end of 2010. But, all the results from Google Wave development, such as real-time collaboration (the drag-and-drop and character-by-character handwriting live) is available as open source. So, for the developers of the software, you can use it freely.
