Facebook, the social networking site, on Monday announced it will buy the innovative social sharing service FriendFeed, in a move that reinforces its drive to embed itself more widely throughout the web. Both companies are privately held and terms of the deal were not released. The deal follows last year’s failed attempt by Facebook to buy Twitter, the internet micro-blogging site, for $500m.

This entry was posted by Gwen Robinson on Tuesday, August 11th, 2009 at 4:35 and is filed under Capital markets, M&A. Tagged with Facebook, FriendFeed. Edit this entry.