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Facebook Buys Mobile Ad Company Rel8tion

Facebook has reportedly acquired Rel8tion, a mobile advertising company. While you’d be hard pressed to find much info about the company on its own site, it has been made clear that this is a talent acquisition, so look for interesting things in mobile ads to come to Facebook in the near term. 

The Wall Street Journal’s AllThingsD, which broke the story, shares the following statement from Facebook: