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FriendFeed is sold out for nearly $50 million

Posted by mohan desai on ઓગસ્ટ 11, 2009

Today’s hottest news is that now Friendfeed Acquired by Facebook, this is going to big deal.

Now everyone is talking about this deal, and every one want to know that how much price is paid facebook,

According to The Wall Street Journal, Facebook paid nearly $50 million to acquire FriendFeed: $15 million in cash and $32.5 million in Facebook (Facebook) stock. According to the report, the stock part of the deal values Facebook at $6.5 billion – the same valuation that Facebook employees were allowed to sell stock at last month.

Friendfeed Acquired by Facebook

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Friendfeed Acquired by Facebook

Posted by mohan desai on ઓગસ્ટ 11, 2009

The owners of the popular social networking website Facebook have acquired FriendFeed, a web service that allowed users to share information with friends and groups easily.

official announcement by friendfeed :

The FriendFeed team is extremely excited to become a part of the talented Facebook team. We’ve always been great admirers of Facebook, and our companies share a common vision. Now we have the opportunity to bring many of the innovations we’ve developed at FriendFeed to Facebook‘s 250 million users around the world and to work alongside Facebook’s passionate engineers to create even more ways for you to easily share with your friends online

Facebook team added:

PALO ALTO, CALIF.—August 10, 2009—Facebook today announced that it has agreed to acquire FriendFeed, the innovative service for sharing online. As part of the agreement, all FriendFeed employees will join Facebook and FriendFeed’s four founders will hold senior roles on Facebook’s engineering and product teams.

Posted in Facebook, FriendFeed, social networking sites, website | Leave a Comment »