Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Facebook Buys Glancee Location-Based Tool for Undisclosed Price

Facebook Inc., the world’s most popular social network, is acquiring Glancee, a mobile service that helps users find and connect with people based on their locations.

The company, based in Menlo Park, California, announced the acquisition in an e-mailed statement. It didn’t disclose terms.

Facebook, which plans to raise as much as $11.8 billion in an initial public offering, is using acquisitions to fuel growth in services aimed at mobile users. The company said last month that it’s buying Instagram, a mobile photo-sharing service, for about $1 billion.

Glancee lets users explore profiles of people nearby and receive notifications of people who have common friends or mutual interests.

Glancee, founded in 2010, includes three co-founders, Andrea Vaccari, Alberto Tretti and Gabriel Grise.

With the initial public offering, Facebook will seek a market value of as much as $96 billion, offering shares at $28 to $35 each, a regulatory filing showed this week. Facebook has more than 900 million users.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.