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(VIDEO) Facebook Closes on LiveRail Acquisition, our Interview with CEO Mark Trefgarne

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SAN FRANCISCO - Facebook's acquisition of LiveRail for a reportedly $400 - $500 million, which was announced on July 2, closed yesterday, reports TechCrunch.

Last week in San Francisco, we interviewed LiveRail CEO Mark Trefgarne about next steps.  While LiveRail will operate and serve its clients as a stand alone entity, the company moving its headquarters to Facebook offices in Menlo Park, New York and London.

Explains how the technical infrastructure of Facebook will enhance the LiveRail offering.

While TechCrunch reported the sale price, it has not been publicly disclosed.

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