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Facebook Paid Farm Bureau $8.5 Million To Acquire Fb.com

January 11th, 2011 01:09 admin Leave a comment Go to comments

On November 15th, Facebook CEO Mark Zuckerberg revealed that Facebook had acquired Fb.com from The American Farm Bureau to use as the domain for internal emails now that the Facebook Messages were parked on Facebook.com. But what he didn’t reveal at the time? The acquisition price.

Today Reuters is reporting that the Fb.com  domain acquisition, which moved the 6 Million member American Farm Bureau Federation over to Fb.org, cost Facebook $8.5 million.

“At their annual meeting in Atlanta, Farm Bureau officials on Tuesday said the organization earned $8.5 million by selling a couple of domain names but is barred from identifying the buyer.”

We of course are still chuckling over how Zuckerberg announced the sale “The farm bureau has agreed to give us FB.com and we in return have agreed to not sell Farm subsidies.â€

Hmm … Not even virtual ones?

Source: Facebook Paid Farm Bureau $8.5 Million To Acquire Fb.com

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