Google acquires Feedburner

The last few weeks there have been rumors that Google plans to acquire Feedburner . Now these rumors are confirmed by a source close to the deal. Feedburner is in the closing stage of the sale, and Google acquires it for $ 100 million. The transaction will be conducted in cash, and not as recently accepted by shares, as the source reports, but under the terms of the transaction the founders will continue to work for several more years.

According to the information, the transaction is currently in the process of signing and will close within the next two to three weeks, and in principle nothing can prevent this transaction from taking place.

Feedburner was founded in 2003 and since then has received an investment of only $ 10 million. Portage Ventures invested $ 1 million in 2004, and $ 9 million was invested in mid-2005 and 2006 with funds from Mobius Venture Capital and Union Square Ventures respectively.
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by TechCrunch