Facebook Acquires Friendfeed [Update]
Breaking News: Facebook (more info) has acquiredFriendfeed (more info) . This news has spread virally in matter of just 15 minutes. Both the companies have updated their blogs.
“We are happy to announce that Facebook has acquired FriendFeed. As my mom explained to me, when two companies love each other very much, they form a structured investment vehicle…
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.”
“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.”
This will be a huge huge booster for facebook. As we said earlier that facebook is trying too hard to enter the real time game. After failing to acquire Twitter at the starting of the year this deal could just change the direction of real time wind in facebook’s favour. Let’s watch out. But I guess Mark Zuckerberg (more info) has arrived! Tough times ahead for Twitter.
Update : Wall Street journal says that Facebook paid around $50 million (cash + stock) to Friendfeed. Break up –
Cash – $15 million
Stock (based on latest valuations) – 32.5 million
Facebook and Friend feed have not given any details about the financial terms of the deal.
Update 2 : Friendfeed co-founder Paul Buchhiet shared some pictures of the meeting immediately after the deal was signed.
Follow-Up
TechCrunch : facebook Acquires Friendfeed by Jason Kincaid
VentureBeat : Facebook to acquire Friendfeed by Kim-Mai Cutler
All Facebook : Facebook Announces FriendFeed Acquisition by Nick O’Neill
GigaOM : Facebook Buys FriendFeed by Om Malik
Mashable! : BREAKING: Facebook Acquires FriendFeed by Adam Ostrow
CNET News : Facebook acquires FriendFeed by Caroline McCarthy
Silicon Alley Insider : Facebook Buys FriendFeed For War Against Twitter by Dan Frommer
Search Engine Watch : Facebook’s FriendFeed Acquisition Could Have Implications for Search (Yes, Search) by Nathania Johnson
great.
“Tough times ahead for Twitter”? I dont think so. facebook can not compete with Twitter in th real time game ever. friendfeed was already a dead service and was breathing because of twiteer APIs.
(Twitter: @ mayank25may )
says:
@ Adam : Even I would like to believe what you said and that is what I wrote in one of my posts http://techdusts.com/2009/07/24/facebook-vs-twitter-who-will-win-the-real-time-war/ . But if facebook uses friend feed properly the it could just make it. Facebook alone can not destroy twitter, but facebbok + a microblogging service (friendfeed) is deadly for twitter. and dont forget the rich resource of friendfeed – its founders and employees, they wer the creators of Gmail when they wer in google… and they all will now work for facebook!
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