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There are certain things that just come out of the blues and Facebook’s acquisition of FriendFeed is one such example. The social networking site has acquired the sharing service for a reported $50 Million which includes $15 Million in all out cash and the remaining as share in Facebook stock. That’s quite a health sum, given that FriendFeed had only raised $5 Million in venture funding. Now is this supposed to workout? I am not sure but we earlier reported Facebook stepping ahead in search, perhaps the realtime-ness in search came in because it had acquired FriendFeed, just an assumption though. FriendFeed will continue to work independently for the time being while the team tailors plans for a long term relationship.
Tags: acquisition, facebook, friendffeed
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