Business Insider / Michael P. Hensley / Reuters -1.8 million shares per share -8% -1% -5% -0% -11% $US15.1 billion Facebook’s acquisition of the media company Pivotronix, which was spun off from Twitter in 2017, is the largest media acquisition in the company’s history, according to a report from the New York Stock Exchange.
It is also the biggest acquisition in Pivotonix’s history.
The deal includes Facebook’s Media Lab, which is responsible for creating content for the platform, and Pivoterse, which helps advertisers understand their target audience.
The acquisition also includes MediaBistro, a mobile-only app for Facebook users that allows them to review, rate and share media, according the New Yorker.
The New York Times, CNBC, and The Wall Street Journal all published pieces on the acquisition.
The company said in a statement that the acquisition was about “innovating the mobile-first strategy” and that it will help “enable Facebook to accelerate its social and digital reach.”
Facebook is the latest media company to acquire a media company.
In March, Time Warner said it would buy The Huffington Post, which had been spun off in 2016.
In 2017, Disney bought ESPN, which now has 24 million subscribers.
And in 2017 and 2018, Facebook bought a slew of newspapers, including The New Yorker and The New Republic.
The purchase was the biggest in history, with a total value of $US5.2 billion.
In 2018, The Times reported that the $US1.7 billion sale of Time Warner was the largest for a single media company in the United States.
Facebook’s deal is the second-largest acquisition in history.
It came after the $1 billion acquisition of WhatsApp in 2017.
In 2016, The Washington Post reported that Facebook was looking to buy The Washington Times.
Facebook is now the largest pay-per-view video service in the world, with more than 50 million subscribers, according data from comScore.
Facebook has grown rapidly over the past two years as it has invested heavily in its Messenger app, adding new features and adding a new social network, Live Photos, in 2017 alone.