Facebook set to acquire Indian startup Little Eye Labs for up to $15mn
FB to acquire an Indian startup in a deal valued to be between 10 mn dollars and 15 mn dollars.
By : DC Correspondent
Update: 2013-12-21 15:30 GMT
Washington: Facebook is reportedly set to acquire an Indian startup, Little Eye Labs in a deal valued to be between 10 million dollars and 15 million dollars.
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 startup 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.