Facebook Acquires Chai Labs for Reported $10 Million

Palo Alto, Calif. -- Facebook has acquired Chai Labs, the Mountain View-based developer of a website publishing platform, for around $10 million, All Things D reported. Chai Labs said that its platform is designed to help publishers customize and launch search-friendly sites, although All Things D describes the deal as a "talent acquisition." The company, which has raised about $2.4 million in funding. was founded by Gokul Rajaram, a former Google executive credited with helping launch AdSense. Customers of its content management system include NBC Local and Yahoo's Associated Content.
http://www.chailabs.com
http://kara.allthingsd.com/20100815/exclusive-facebook-snaps-up-chai-labs/
http://gigaom.com/2010/08/16/why-facebook-would-buy-chai-labs/