Thursday, Aug 21, 2014Thursday, Aug 21, 2014
 

Facebook grabs social network Branch

Published on Jan 14, 2014 6:40 AM
 
This Feb 25, 2013 photo taken in Washington, DC, shows the splash page for the Internet social media giant Facebook. Facebook on Monday confirmed that it has grabbed a hold of Branch, a social network that focuses providing online forums for insightful conversations. -- FILE PHOTO: AFP

SAN FRANCISCO (AFP) - Facebook on Monday confirmed that it has grabbed a hold of Branch, a social network that focuses providing online forums for insightful conversations.

Terms of the deal were not released, but some reports estimated the price at US$15 million (S$19 million).

"I am thrilled to announce that we will be continuing our mission at Facebook," Branch co-founder and chief executive Josh Miller wrote in a blog post that he said was fired off while vacationing at a mountain locale in Japan.

Mr Miller wrote that the New York City-based startup's twin social networks, Branch and Potluck, will continue to operate independently but its nine-member team will form a Facebook Conversations group.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos