Facebook to buy and shut down shopping search engine TheFind
Facebook to buy and shut down shopping search engine TheFind
Terms of the deal have not been disclosed. The acquisition is expected to close in the next few weeks.

New York: Facebook says it is buying shopping search engine TheFind to help boost its advertising business.

Terms of the deal have not been disclosed. The acquisition is expected to close in the next few weeks.

TheFind, which was founded in 2006, will shut down and some of its key employees will work at the social media company. TheFind lets users search for items to buy from websites or in local stores. It is based in Mountain View, California.

In a statement Friday, Facebook said that TheFind will help make its ads more relevant and better for its users.

Shares of Facebook, based in Menlo Park, California, slipped 5 cents to $78 after the stock market closed.

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