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Facebook Makes First Buy

Facebook Inc., a Palo Alto, Calif.-based social networking company, has acquired Parakey Inc., a startup from Mozilla Firefox co-founders Blake Ross and Joe Hewitt. No financial terms were disclosed. Parakey has developed a platform that allows users to bypass the desktop when synching files across the web. Facebook has raised $38 million in VC funding from Accel Partners, Greylock Partners and Meritech Capital Partners. This represents its first acquisition. www.facebook.com www.parakey.com