Facebook has acquired the team behind Spool, a startup specializing in bookmarking and sharing content on smartphones or tablets.
"The Spool team has deep expertise in mobile software development and a passion for making content easy to consume," Facebook said on Monday in response to an AFP inquiry. "We're excited for the team to join and accelerate their vision at Facebook."
Financial terms of the acquisition were not disclosed. According to AFP quotes a Facebook spokeswoman to say that Facebook will not acquire the company or its assets. Spool makes free Google Android and Apple iOS apps for smartphones and tablets that let users save Internet articles and video that is viewable online or off, kind of like a DVR for the Internet. Spool said Saturday that those apps will be shut down. Financial terms of the deal were not disclosed.
Spool let people organize online content using bookmarks so they could access digital stories, videos or other material at their leisure or on different Internet linked gadgets.
"We started Spool to make content easy to consume on a mobile device," the startup said in a blog post telling users the service was closed and the team joining the world's leading social network.
"We firmly believe that solving these problems will be increasingly important as the world accesses the Internet primarily through mobile devices."