Gannett Buys Facebook Ad Software Company Blinq Media

Companies aren't just taking Facebook's brightest minds, they're also acquiring entities that are based on the social network. Not long after Google purchased Wildfire Interactive, media company Gannett has reportedly purchased Blinq Media, a Facebook advertising software and service company. TechCrunch reported that the sale price is $92 million over the course of three to four years.

Companies aren’t just taking Facebook’s brightest minds, they’re also acquiring entities that are based on the social network. Not long after Google purchased Wildfire Interactive, media company Gannett has reportedly purchased Blinq Media, a Facebook advertising software and service company. TechCrunch reported that the sale price is $92 million over the course of three to four years.

The deal, according to TechCrunch, is still pending, but should close by the end of the month. The blog explained what Blinq means to Gannett:

Gannett is looking to Blinq, which has built up a profitable Facebook ads API business, to become its equivalent of The Washington Post Co.’s SocialCode, its social media marketing and analytics agency (which picked up 15 Digg engineers in May). Gannett

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