Facebook Buys MaxBouty for $550 Million
Its April Fools Day and this one big news is coming that Facebook has acquired Maxbouty, a well known Canadian CPA Network for $550 Million. Don’t know, how true it is.
Facebook was looking for an affiliate network to integrate their existing business model from a long time. Also, not so far back in 2010 Facebook itself sued MaxBounty in a lawsuit which was settled out later in a court.
About their previous lawsuit with MaxBounty, Ms. Maria Orokana (Vice President of Acquisitions, Facebook) said that, “We wanted to look at companies that were highly compliant and perhaps those we hadn’t sued. When we couldn’t find any network like that we settled on the Canadians, because they seemed pretty nice.”