$100 Million Payday For Feedburner - This Deal Is Confirmed Rumors about Google acquiring RSS management company Feedburner from last week, started by ex-TechCrunch UK editor Sam Sethi, are accurate and are now confirmed according to a source close to the deal. 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. Huge congratulations to Feedburner. 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.
Lord have mercy. Every one of these companies appear to be overvalued; but I am no expert. Far from...
all the employees of tht company must be getting huge bonuses i suppose for the hard work they have done. nice deal. i expect 1 day google will buy over my company too for the same amount
ugh pocket change to googles plan to own the internet!! man i wish i could sell a site for just 1 million lol.
Nice deal, would be a great tie up with their blogger site which many people use feedburner to have on their sites for rss purposes maybe soon it will be auto added.
Google seems to be over generous in there buying spree. may be I should try to sell them my websiites