JESSICA E. VASCELLARO says in the WSJ:
“Facebook Inc. said it has acquired FriendFeed, a start-up that allows users to share links and status updates online, folding in a potential rival that struggled to take off. Facebook paid nearly $50 million for the company, in a combination cash and stock offer, according to people familiar with the matter. The company paid roughly $15 million in cash, with the rest in Facebook stock that vests over several years and would be valued roughly at $32.5 million.”
WOW, looks like Jessica was the first to get the actual price.
Congratulations to both Friendfeed founders and team and Facebook. Looking forward to continuing to work with both with Seesmic.
This deal is great news for the industry, M&A starting again is clearly a sign of some kind of an end of that recession.
update: looks like Kara had actually guessed it earlier but not from sources close to the matter