FriendFeed Price Tag Reportedly $47.5 Million in Cash and Stock

friendfeed-facebookMore details are emerging around Facebook’s FriendFeed acquisition, which was announced earlier today. While terms of the deal were not announced, Jessica Vascellaro at the WSJ says that Facebook paid about $50 million in cash and stock for the company.

The WSJ says Facebook paid about $15 million in cash and about $32.5 million in Facebook stock (based on the recent $6.5 billion valuation DST put on employee shares) that will vest “over several years.” The vesting schedule is apparently designed to ensure that FriendFeed’s 12 employees, 11 of which are engineers, apply their insights to Facebook’s challenges for a long time to come.

While neither Facebook nor FriendFeed would give specific details as to immediate plans for the FriendFeed team, co-founder Paul Buchheit said earlier that Facebook’s platform efforts were “a large part of the draw for us.”

Facebook VP engineering Mike Schroepfer added that the FriendFeed acquisition could accelerate some of Facebook’s  platform initiatives. Facebook’s Open Stream API, part of Facebook Connect, is conceptually similar to some of FriendFeed’s goals in building a social activity stream aggregator.

“There will be more features rolling out over the course of the year like the Open Stream API that should make the Platform more open and make more data available to developers. [The FriendFeed acquisition] could accelerate some of those efforts,” he said.

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7 Responses to “FriendFeed Price Tag Reportedly $47.5 Million in Cash and Stock”

  1. Tarek Elbakry says:

    “There will be more features rolling out over the course of the year like the Open Stream API that should make the Platform more open and make more data available to developers. [The FriendFeed acquisition] could accelerate some of those efforts,”,Tks to all Facebook & The FriendFeed Staff ,
    Tarek EL-Bakry
    http://www.facebook.com/pages/Goodwill-Ambassador-Tarek-EL-Bakry/107833578582

  2. Vincenzo Piromalli says:

    LOL! ♫ ♫ “ooh, take the money and run”!! ♫ ♫ ;)

  3. facebookmarketing.de | Facebook kauft FriendFeed – (Online)Medienecho says:

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  4. Finance Geek » Yahoo Ad Sales VP Sees "Green Shoots" says:

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  6. Facebook has acquired FriendFeed « CodeEdoc – Technology And Programming News says:

    [...] Facebook cites the WSJ and says Facebook paid about $47.5 million in cash and stock for FriendFeed. That’s a nice payday for FriendFeed’s founders, on top of high level gigs at [...]

  7. Cyberlaw Currents » August 11, 2009 says:

    [...] Facebook has purchased FriendFeed for a reported $47.5 million in cash and stock.  This may be more of a “talent buy” by [...]

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