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India Front Line Report
SEAnews Issue:monthly
2014-01-17 ArtNo.44761
◆Facebook makes its first Indian acquisition
【Bangalore】In its first acquisition in India, social media giant Facebook has bought Little Eye Labs, a Bangalore-based software product start-up, for an undisclosed amount.
 The spokesperson for the US-based company confirmed this on Wednesday but did not divulge details. According to industry sources, the deal could be between $10 million and $15 million. A local newspaper had last month reported the companies were in talks for a likely buyout.
Incorporated in May 2012, Little Eye Labs builds performance analysis and monitoring tools that identify and rectify performance problems for Android app developers and testers.
 The US firm is trying to strengthen its mobile strategy, which has come under increasing pressure from Wall Street.
【News source】

Facebook makes its first Indian acquisition

Facebook buys Little Eye Labs

Facebook's first buy in India a start-up

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