Facebook Buys Photo Sharing Startup Divvyshot
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Facebook has bought up Divvyshot, a one-year-old photo sharing startup. Divvyshot’s site lets users share photos by grouping them into collections called “events” so users don’t need to create separate albums and instead can contribute to just one.
SEE ALSO: Facebook Buys Sharing Service FriendFeed For Reported $50 Million
On its blog, Divvyshot says its three employees will now be joining Facebook’s engineering team and work on Facebook’s photo service, Facebook Photos, which is the top photo sharing site on the web. They imply that Divvyshot technology will be folded into Facebook Photos, saying “our unique approach to photos will live on.” The Divvyshot site, however, is being shut down.
This is Facebook’s third acquisition over the last year. In August, it bought up sharing service FriendFeed—and followed up that deal with the acquisition of Octazen Solutions in February.
TechCrunch says Divvyshot was raising an angel round when Facebook made its offer. Financial terms were not released, but Divvyshot says it was an offer “we can’t refuse.”
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Photo Sharing, Companies, Facebook, divvyshot
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