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Facebook buys mobile developer tool provider Parse

04/25, 9:14pm

Move allows Facebook revenue stream on all mobile app platforms

According to Facebook, the company has just acquired cloud coding company Parse, giving it a platform for back-end tools for mobile developers. Facebook calls the size of the deal "not material" to the acquisition, but reports place the deal between $80 and $95 million. Parse ownership claims that it had many corporate suitors, but chose Facebook because the social network fit the ethos of the startup better than the other companies involved.

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