Facebook buys start-up owned by Firefox project founders
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Social networking site Facebook has acquired Parakey Inc., a start-up run by the founders of the Firefox Web browser project, with the goal of entering the business of Web-based operating systems.
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NEW YORK/LOS ANGELES  - Social  networking Web sites have fired up industry deal headlines the  past couple of years -- from News Corp.'s ground-breaking  acquisition of MySpace to the recent purchases by the Walt  Disney Co. and Viacom Inc.'s Logo network of Club Penguin and  DowneLink.com, respectively.
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Social networking site Facebook Inc. has bought Parakey Inc., a tiny startup that had been developing software it bills as a Web-based operating system.
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Yahoo Buying Facebook for $1 Billion Still think Yahoo is having money problems? According to an article published by the BBC, Yahoo is incredibly close to sealing a one billion dollar deal with Facebook, the social networking site.  A Facebook acquisition would add yet another strong community offering to the Yahoo Social Media family, which now [...]
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There was a dream that was web 2.0...sob Comment Silicon Valley's onanistic elements have been in vinegar-stroke mode for an age over the tussle between Google and Microsoft to invest in $15bn profit-lite social networking phenomenon Facebook.â¦
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Microsoft buys a $240m stake in the social networking site Facebook, beating rival Google
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SAN FRANCISCO -- Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc.
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Online social network Facebook is  close to reaching a deal with Google Inc  or Microsoft  Corp  for an investment that would value the company as  high as $15 billion, according to media reports on Wednesday.
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The company announces a new program called FBFund to provide grants to developers who are interested in creating applications for the Facebook Platform.
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(InfoWorld) - Social networking site Facebook has bought Parakey, a tiny startup that had been developing software it bills as a Web-based operating system. The Mountain View, California, startup has not actually shipped a product, but is in the process of developing technology it says combines the best of the desktop and Web-based software world. In a November 2006 interview Parakey founder Blake Ross described the company's eponymous product as "a Web operating system that can do everything an OS can do." Ross and Parakey's other founder Joe Hewitt will work on Facebook's Web site as well as the Facebook Platform, a set of application program interfaces (APIs) that developers can use to write applications for the social networking site. Previously the two entrepreneurs had been co-founders of the Firefox open source browser project. They formed Parakey in 2006. Founded in 2004, the privately held Facebook boasts 31 million users. Parakey is the company's first acquisition. Financial terms of the purchase were not disclosed.
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Yahoo has been trying to buy Facebook for a good while now, with the most recent rumored amount being for $1.62 billion. TechCrunch has obtained documents on Yahoo&#8217;s valuation of Facebook, and expected advertising revenue growth over the next 10 years. From TechCrunch: Leaked documents in our possession state that an early offer was $37.5 million for [...]
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Microsoft Corp is talking to Facebook  about buying a minority stake in the fast-growing online social  network that could value the company at $10 billion or more,  the Wall Street Journal reported on its Web site on Monday.
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By Constance Loizos, San Jose Mercury News, Calif.  Sep. 22--Facebook, the social-networking start-up popular with high  school and college students, is on the verge of being purchased by Yahoo,  according to two sources with knowledge of the deal.
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No, Facebook isn't a $15 billion company. Yes, Microsoft is smart.
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Microsoft Corp is in talks to buy up to 5 percent of Facebook in a deal that could value the fast-growing online social network company at $10 billion or more, the Wall Street Journal reported on Monday.
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Microsoft Corp. has approached Facebook Inc. in recent weeks proposing an investment that would give Microsoft a 5% stake in the popular social-networking company, The Wall Street Journal reported.
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Facebook will sell Microsoft a $240 million minority stake.