Another Facebook Acquisition: Mobile App Glancee

Facebook’s May 18 initial public offering hasn’t slowed its acquisition frenzy, as the social network gobbled up location-based mobile application Glancee for an undisclosed amount.

Facebook’s May 18 initial public offering hasn’t slowed its acquisition frenzy, as the social network gobbled up location-based mobile application Glancee for an undisclosed amount.

One of the rumored reasons for the delay of the IPO was the revised paperwork Facebook had to file with the Securities and Exchange Commission following its $1 billion acquisition of photo-sharing service Instagram and its purchase of about 650 former AOL patents from Microsoft for $550 million.

Glancee, an app for Apple iOS and Android devices, allowed users to sign in with Facebook and discover other users within a specified distance with similar interests.

The app has already been shut down, and Glancee’s three co-founders, who were also its only employees, will join Facebook.

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