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Revolving Door Newsletter: 08.11.09
Facebook Acquires FriendFeed; Publicis Buys RazorfishAugust 11, 2009
Could media mergers and acquisitions be coming back to life? Facebook purchases FriendFeed for $50 million to help Mark Zuckerberg's social networking site in its ongoing struggle to compete with Twitter. All FriendFeed employees will join the Facebook team, and the four founders of the online-sharing service will hold senior engineering and product roles. In other M&A news, Publicis will purchase Microsoft's Razorfish for about $530 million, and closer to home, mediabistro.com parent company WebMediaBrands is selling Internet.com and its assets to QuinStreet, Inc. for $18 million...