Facebook Buys Branch
Mountain View-based Facebook has acquired Branch, a New York-based startup which develops a pair of mobile conversation and social networking applications (Branch and Potluck). Financial terms of the buy were not disclosed. The deal was reportedly worth around $15M. Branch will help staff up a new group for Facebook in New York City. Branch was backed by Jason Goldman, Evan Williams, Biz Stone, Ryan Freitas, John Borthwick, and Jonah Peretti, as well as other angels.
posted on Monday, January 13, 2014
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