Facebook Buys FriendFeed

Aug 11 2009, 10:20am CDT | by Robert Evans

FriendFeed, a service that allows users to incorporate all of their social networks into a single news feed, has been acquired by Facebook. The announcement was made this morning by the FriendFeed official blog. This acquisition should not alter the status of the FriendFeed product in any way right now. Integration with Facebook may come in the future, but those plans have not been settled yet.

According to TechCrunch this deal was more about Facebook getting the FriendFeed team than the actual product itself. Both companies apparently had a very friendly relationship, and Facebook was impressed with the innovation shown by the folks at FriendFeed. Their twelve employees will be scattered about Facebook and integrated into new positions.

The cost of this deal was roughly $50 million in cash and stock from Facebook. The Wall Street Journal says it was roughly $15 million cash, and the remainder in Facebook stock that, after vesting, will be worth around $32.5 million. Considering the fact that FriendFeed is a rather small start-up that only managed to raise $5 million in 2008, this is an impressive amount of money.

where to buy

Buy from Amazon

What Others Say about This

Indian shares seen opening up; Unitech may fall

MUMBAI, Feb 15 (Reuters) - Indian shares are expected to start higher on Wednesday after Asian markets rose on hopes for a solution to Greece's debt worries, but there could be resistance after the main index climbed more than 15 percent in just over six ...
Full article at: Reuters Mobile More like this 1 hour ago

Indian shares seen opening up; Unitech may fall

Thailand - Market factors to watch - Feb 15

BANGKOK, Feb 15 (Reuters) - Thai stocks are expected to be trapped in range-trade on Wednesday because of concern about the euro zone debt crisis after another hitch in Greek bailout plans. Euro zone finance ministers dropped plans for a special meeting ...
Full article at: Reuters More like this 1 hour ago

Don't miss ...

Technology News

Solar Powered Clothing: The Future of Mobile Charging...

Robert Evans
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.