Facebook buys photo service Divvyshot
A talent acquisition rather than a product acquisition, Facebook has acquired the Y Combinator-funded start-up and will be shutting its service down.
Calling it "an offer we can't refuse," the founders of a photo-sharing service called Divvyshot announced Friday that the start-up has been acquired by Facebook. Terms of the deal were not disclosed, but it's clear that as with Facebook's --and even the --this is an acquisition designed to get the engineering team on board.
Divvyshot, which launched with backing from the Y Combinator incubator, allows for group photo sharing: multiple users can edit albums, which are grouped around various events and places. As part of the acquisition, the service will be shutting down.
"Divvyshot will begin winding down operations as of today," the announcement explained. "Existing users can continue to use Divvyshot; however no new accounts will be issued and our iPhone application will no longer be available for download." In six weeks, Divvyshot.com will start redirecting to Facebook altogether.
As part of the acquisition, under which "many of the company's assets" have become Facebook property, founder Sam Odio as well as the company's two other employees, Michael Yuan and Paul Carduner, will be part of the team that works on Facebook's photo-sharing application. Facebook Photos, the most popular photo-sharing destination in the world, sees more than 3 billion photographs uploaded every month.