Saturday December 03, 2011

Report: Facebook Has Acquired Gowalla

A report on CNN Money on Friday night broke the story that Facebook has acquired Gowalla for an undisclosed sum. Gowalla is a location-based service application much like Foresquare, but with more emphasis on promotional tools for partners. Facebook has not commented on the report of the acquisition.

According to CNN’s report, the Gowalla team will be working on Facebook Timeline, with most of the team moving to Facebook’s Palo Alto headquarters