This is breaking news. The social networking company facebook has acquired the innovative online sharing service friendfeed. The company paid roughly $15 million in cash, with the rest in Facebook stock that vests over several years and would be worth roughly $32.5 million. However, 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.
From the friendfeed blog:
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.
The friendfeed accounts and API will continue to function normally until they figure out their long term plan.
Check out the complete press release.
[via TechCrunch, WSJ]
