Facebook Buys Rel8tion

Rel8tion, a stealth-mode Seattle startup building a location-based mobile advertising system, has been acquired by Facebook, which is flush with cash from its recent $1.5 billion fundraising spree. The purchase was reported yesterday by AllThingsD and confirmed by Facebook. Rel8tion co-founder Peter Wilson, a Microsoft veteran who previously helped to set up Google’s Kirkland, WA, engineering center, will be an engineering director at Facebook’s nascent Seattle office, AllThingsD reported.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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