Confirmed: Google Buying FeedBurner for $100 Million
It has now been confirmed that Google will now be buying FeedBurner for $100Million. This now means that the logo I made on the left might become a reality.
Sources close to the deal have confirmed this rumour that started last week. If you read how FeedBurner started you will see that hey have effectively turned £1Million of inital capital into now a $100Million profit. Apparently the deal has locked the founders in for a few years.
Sourced from TechCrunch
The company was founded in 2003 and has raised just $10 million in capital over two rounds. Portage Ventures funded their $1 million Series A round in 2004. The $9 million Series B round was closed in mid 2005 (second close in 2006), from Mobius Venture Capital and Union Square Ventures.
Personally i think that Google will somehow integrate FeedBurner into its Analytics program rather than keep the system separate. The combination of both tools would make a ver good statistics program. Congrats FeedBurner!
Atleast someone likes the logo I made! Thanks Mark!
It looks like there is some great info on the Confirmed Sale. It’s great to see a company like this be bought - I think google will be able to give it lots of great new features.
India Tech News
http://www.tech.co.in
[...] instance, it looks like Google purchased Feedburner for $100mm. Was it embarrassed at the price (not likely), or did it just not want to add fuel to a growing [...]
[...] Parsley in FeedBurner, Google on June 1 2007 After Google and FeedBurner both confirmed what we at TechJuicer already knew.That is what Michael Arrington suspects . I agree with him. Google AdSense and AdWords are [...]