News in Short: Facebook acquires Drop.io, Microsoft acquires Canesta

Facebook acquires Drop.io

In a statement, Facebook announced that Drop.io CEO Sam Lessin, who attended Harvard University alongside Mark Zuckerberg, is joining Facebook full-time. Drop.io's service will be shut down.

Sam helped Mark meet venture capitalists and finance executives six years ago, according to base-on-a-true-story book "The Facebook Effect."

"We can confirm that we recently completed a small talent acquisition for Drop.io and acquired most of the company's assets," the Facebook statement. "We're thrilled that Sam Lessin will be joining us at Facebook."

Microsoft acquires Canesta

Microsoft says it has acquired Canesta. Terms were not disclosed, but it's expected that the deal will close by year's end.

Microsoft hasn't suggested what purpose it will use Canesta technology for.