Google is about to close deal to buy RSS management firm FeedBurner, according to a report citing a "source close to the deal."
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.