INTERNET NEWS -- Aug 8 -- Google is expected to announce the acquisition of Meetroduction later this week, a source close to the transaction told internetnews.com. Chicago-based Meetroduction launched the first version of Meetro, "location-aware social networking software," on Aug. 4. The idea of Meetro is to find people to hang out with in the physical world. Meetro combines instant messaging with automatic local buddy finding. Users can log in and browse or search profiles of other members in order to find someone compatible who's nearby and also logged in. The area to be searched can be narrowed to a quarter mile. FULL ARTICLE @ INTERNET NEWS