Google buys Feedburner for $100 million
TechCrunch reported that Google is indeed buying Feedburner for $100 million.
“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,” Michael Arrington, founder of TechCrunch posted.
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The company was founded in 2003 and actually raised just $10 million in capital over two rounds. $100 million is a huge markup for a company with $10 million in capital!
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