Facebook Buys FriendFeed

Posted: Aug 11 2009, 10:20am CDT | by , Updated: Aug 11 2010, 3:44pm CDT, in News | Technology News

 
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Buy This Now On Amazon

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.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
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.

 

 

Advertisement

comments powered by Disqus