11 Biggest Companies Acquired By Facebook

 11. ConnectU – $31 million in 2008

How can ConnectU be left out when talking about the biggest of Facebook’s acquisitions? After all, it was the highest price paid by Facebook for a company at the time, and the transaction ended up generating a fair bit of controversy.

ConnectU was a social networking website started by three Harvard students in 2004, who later went on to accuse Mark Zuckerberg of plagiarizing their idea of a social networking site. In 2008, Facebook agreed to pay $65 million (including $20 million in cash and 1.25 million shares) to buyout ConnectU. However, the Winklevoss brother filed a case that they were shortchanged, as the value of the Facebook shares was misrepresented. They lost the case and it was inferred that Facebook actually ended up paying only $31 million to ConnectU. The story was filmed in the movie “The Social Network”, which was nominated for several Oscars, winning three.

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