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2013-12-26

Facebook set for its first Indian acquisition with Little Eye Labs

Facebook is reportedly set to acquire an Indian start-up, Little Eye Labs in a deal valued to be between 10 million dollars and 15 million dollars. This would be the first acquisition of a product firm by Facebook in India.

Facebook set for its first Indian acquisition with Little Eye Labs

Facebook is reportedly set to acquire an Indian start-up, Little Eye Labs in a deal valued to be between 10 million dollars and 15 million dollars. This would be the first acquisition of a product firm by Facebook in India.

 

Bangalore-based Little Eye Labs' primary product is a software tool for analyzing Android apps' performance.

 

According to Tech Crunch, Facebook's acquisition of the Indian start-up would mean a lot for the one-and-a-half years old company, which also pitched to Twitter but the social networking giant offered a better deal.

 

The final deal is expected to be signed by mid-January following which most of the Little Eye Labs' founding team will move to Facebook's US headquarters, and work there as part of the mobile engineering team, the report added.

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