Lots of talk today about Google’s $100 million acquisition of RSS management company FeedBurner. Congrats to the FeedBurner guys! I do have to admit though that I am bit sad that FeedBurner is now a Google property. I guess they were too valuable to remain independent forever though. From TechCrunch:
Feedburner is in the closing stages of being acquired by Google for around $100 million. The deal is all cash and mostly upfront, according to our source, although the founders will be locked in for a couple of years.
The information we have is that the deal is now under a binding term sheet and will close in 2-3 weeks, and there is nothing that can really derail it at this point.
Must be pretty sweet to get an all cash deal. TechCrunch confirmed it today, but it looks like Valleywag had the story right last week.
Not everyone is happy about the deal. Todd Cochrane does a good job of spreading FUD in his post. Todd, you need to worry less!