Facebook Paid $8.5 Million to Acquire Fb.com.

How much money did Facebook fork over when
it acquired Fb.com last year? A cool $8.5 million,
more than 42 times the amount the company
originally paid for Facebook.com.
In November, it was revealed that Facebook was
launching a revamped version of Messages. It
combined SMS, messaging, chat and e-mail into
one interface, although Mark Zuckerberg
repeatedly iterated that, “It’s not e-mail.”
One feature of the new Facebook Messages is that
it assigns you a personalized Facebook.com e-
mail address. If a friend sends a message to your
Facebook e-mail, you will receive it in your
Facebook Inbox. Unfortunately, Facebook ’s
employees were using the Facebook.com
domain for their e-mails already, so they had to
switch to another domain, which is why
Facebook needed to buy Fb.com in the first place.
Facebook acquired the domain sometime last
year from the American Farm Bureau Federation,
which uses fb.org as its primary domain. At its
annual meeting in Atlanta, the non-profit revealed
that it earned $8.5 million on the sale of fb.com,
according to Reuters.
The last high-profile domain purchase by
Facebook was for Facebook.com, all the way
back when it was known as TheFacebook. The
company paid $200,000 in August 2005 to
acquire the domain, 42.5 times less than what
Facebook spent to acquire fb.com. While the
Facebook.com purchase was expensive for the
company back then, it ’s an investment that has
clearly paid off. The company is obviously
hoping that fb.com will also pay off.



Source: Http://mashable.com/2011/01/12/facebook-paid-8-5-million-to-acquire-fb-com/