Printed from http://www.electronista.com

Facebook acquires photo startup Lightbox

updated 11:40 pm EDT, Wed May 16, 2012

Likely purchased for Android development team

Even though the IPO roadshow is ongoing and large acquisitions are generally unwise during that period, Facebook has purchased Lightbox. Lightbox is a predominantly Android photo sharing startup with many similarities to the recently acquired Instagram. Facebook is closing Lightbox, and likely going to use staff developers for Android development. No terms of the deal have been formally announced.

Lightbox stopped accepting new users following the announcement. Existing users have until June 15 to conclude business and download all remaining photos. Existing photos are not going to be transferred to Facebook, like Instagram's photos will be.

The founders are pleased with the move, and "happy to announce that the Lightbox team is joining Facebook, where we'll have the opportunity to build amazing products for Facebook's 500+ million mobile users." No layoffs have been announced or are expected.








By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented