Monday, August 17, 2009

Facebook acquires online feed aggregator FriendFeed for $50 million

Social networking site Facebook has acquired FriendFeed one of the online
feed aggregator that allows users to consolidate and share updates, in real
time, from social networking websites, social bookmarking sites, blogs and
micro-blogging sites,and other RSS feed.

Financial terms of the acquisition were not yet disclosed but The Wall
Street Journal, quoting people familiar with the matter, reports that
Facebook has paid approximately $50 million for FriendFeed, in a
combination of cash and stock offer where the cash component is pegged at
about $15 million.