Mumbai:
Internet advertising leader Google Inc. is acquiring smaller
internet advertising firm Feedburner Inc., to bolster
its capacity to distribute both media and advertising
to blogs and social network site users.
Blog
reports have put the price of a potential deal at about
$100 million. Google, however, has not disclosed details
of the deal.
Feedburner
delivers updated information to other web sites using
technology known as Really Simple Syndication (RSS) and
has customers like the Wall Street Journal, BBC and Amazon.com
Inc.
Feedburner
also offers analytics to help Web publishers understand
who reads their sites, as well as embedded advertising
allowing web site publishers to get paid by advertisers
based on the audiences they attract via RSS feeds.
More
recently, retailers and travel agents have begun sending
promotional offers to online customers via Feedburner.
Google,
which is adding new technology to grow bigger bought Panoramio,
a site founded by two Spaniards that allows digital photographers
to plot the geographic location of their pictures on Google
Maps or Google Earth, this week.
Google
sees the technology as a way for its base of hundreds
of thousands of advertisers to reach some of the most
active groups of Web users - social network members who
use mini-applications called widgets or the growing audience
surfing the internet over mobile phones - officials said.
The
deal, although small in financial terms, is the latest
in a series of rapid moves to consolidate the fast-growing
online advertising market.
The
deal would expand Google''s existing blog advertising service,
known as AdSense for feeds, which delivers targeted advertising
tied to Web page content.
Two
weeks ago, rival Microsoft Corp. announced its largest-ever
acquisition, a $6 billion deal to buy aQuantive Inc.,
the largest independent online ad company. In April, Google
agreed to acquire an aQuantive competitor, DoubleClick,
for $3.1 billion.
Feedburner
counts more than 430,000 web site publishers as users
of RSS. A total of 736,000 RSS feeds, including roughly
110,000 audio or video feeds, are delivered to readers
as publishers update their Web sites, the company said.
The 30-employee company will remain based in Chicago.
Feedburner
has raised $10 million Mobius Venture Capital, Portage
Venture Partners, Sutter Hill Ventures, Draper Fisher
Jurvetson and Union Square Ventures.
|