Google Acquires FacebookCategory: Internet
Posted: April 1, 2010 09:22PM
What happens when you take two companies poised to take over the world and make them one? Looks like we may find out soon enough. In a surprise announcement, Google has purchased Facebook for an undisclosed amount. Apparently the two sides have been in talks for the past month and finally reached an agreement, signing last night.
"Facebook is a leader in social networking," said Eric Schmidt, CEO of Google. "Our companies share similar values; we both always put our users first and are committed to innovating to improve their experience. Together, we are natural partners to offer a compelling social networking service to users, content owners and advertisers."
Details of the deal are still unknown, but Schmidt did say that Mark Zuckerberg, founder and CEO of Facebook, will still remain in charge of Facebook's overall direction and development. How this is going to affect Facebook users will remain to be seen.