It looks like Google bought Writely, a web based text processor and web document sharing service.
According to my experiences with Writely and other web based text processores I think it was a smart move by Google, because, in my opinion, they simply bought the best solution. With Writely, Google is one step closer to launch a web based office suite.
About this, take a look to this post (http://www.russellbeattie.com/notebook/1008877.html) from Russell Beattie. I bet that Netvibes will be the next winner.
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