May 23, 2007 12:04 PM PDT
Report: Google buying FeedBurner for $100 million
TechCrunch is reporting that Google is about to close a deal to acquire RSS management firm FeedBurner for $100 million in cash. The report cites a "source close to the deal." The transaction is expected to close in two to three weeks, TechCrunch says. FeedBurner was founded in 2003 and has raised about $10 million in venture capital funding. FeedBurner allows blog owners to manage their RSS feeds and track usage of their subscribers. A Google spokeswoman said the company does not comment on rumors or speculation. Representatives at FeedBurner did not return calls seeking comment.
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor.
