Erictric

After weeks of discussion, Facebook has finally acquired FriendFeed. At this moment, not many details have been released. Although, both companies have officially confirmed the acquisition [Facebook's PR]. The FriendFeed PR says that for the moment FriendFeed will continue to work as normal while the 2 companies figure out their long-term union.

It’s no secret that Facebook incorporated some of FriendFeed’s features to the site over last year. This will help the 2 companies with the transition. There are still a few things in which they are not compatible yet, like the news feed setup. FriendFeed’s system is real-time. As for Facebook, users have to manually refresh their feed.

FriendFeed’s 12-person team will soon move out of their Mountain View offices to join the Facebook team at their Palo Alto headquarters. Even though FriendFeed’s team is small, Facebook is getting a great addition that includes ex-Googlers like Paul Buchheit, who was the creator and lead developer of Gmail among others.

It is unknown if the acquisition was made using either stock or cash only or a mix of both, nor the amount paid is known.

Update: TechCrunch is reporting Facebook paid almost $15 million cash and about $32.5 million in stock for FriendFeed. Bringing the total to almost $50 million.