Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: TDS :: ACCOUNTING STANDARD :: form 3cd :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: empanelment :: cpt :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS
 
 
Mergers and Acquisitions »
 M&A deals in pharma sector decline in 2017, amid tough business conditions
 Deals of the day-Mergers and acquisitions Oct 16, 2017,
 Tata Teleservices to merge consumer mobile business with Bharti Airtel
 Deals of the day-Mergers and acquisitions Oct 11, 2017
 Mergers and acquisitions deliver underperformance for insurers
 Deals of the day-Mergers and acquisitions Oct 9, 2017
  Mergers and acquisitions often disappoint
 Mergers and acquisitions often disappoint
 How Mergers and Acquisitions Are Accelerating Innovation in Travel
 Top 5 Mergers and Acquisitions in India in 2017
 Deals of the day-Mergers and acquisitions October 3, 2017

Facebook hires Google exec to lead merger and acquisition efforts
March, 15th 2011

Facebook has hired a member of Google Inc's corporate development team to lead its fledgling merger and acquisition efforts, as the world's No. 1 Internet social network shows an increasing appetite for deals.

Amin Zoufonoun , a director of corporate development at Google, will join Facebook next week, the firm confirmed on Monday.

The move -- the latest development in the rivalry between the two Internet powers -- comes as Facebook steps up its acquisitions, which to date have primarily been small start-ups it has bought for engineering talent rather than actual products.

"I think for sure over time they expect to do bigger and bigger deals," said a source familiar with the matter.

"They've certainly got the stock and cash to do those kinds of things. So I expect them to be more active."

Facebook, which is privately held, recently raised $1.5 billion from investors including Goldman Sachs and Digital Sky Technologies, as well as through a private offering to overseas investors conducted by Goldman Sachs, at a valuation of roughly $50 billion.

Earlier this month, investment firm General Atlantic bought a stake in Facebook at a $65 billion valuation, according to a news report.

Zoufonoun, who has worked at Google since 2003, according to a biography on LinkedIn, will report to Facebook's Vaughan Smith, who oversees the company's overall corporate development efforts. But Zoufonoun will become the key person overseeing Facebook's M&A efforts, according to the source, who wished to remain anonymous.

"He's really going over there to build some professionalism into the team and to hire folks," said the source.

A Facebook spokesperson confirmed the move but declined to provide further comment. Google had no immediate comment.

Last year, Facebook acquired 10 companies, its most ever, including location service HotPotato and Chai Labs. The blog Inside Facebook quoted Smith as saying the company hoped to do "doublish" the number of deals in 2011.

Zoufonoun's move is the latest sign of Facebook's ambitious expansion plans and underscores the rivalry between the social networking company and Google.

Facebook's popularity threatens to siphon consumers' online time and advertising dollars from Google's Internet search engine.

And Facebook has repeatedly reached into Google's executive and engineering ranks to bolster its own workforce, with Facebook Chief Operating Officer Sheryl Sandberg, Vice President of Advertising and Global Operations David Fischer and mobile head Erick Tseng, among others, all coming from Google.

As Facebook builds up its M&A team, the company could increasingly vie with Google for deals to snap up hot Internet start-ups.

Google's M&A chief David Lawee told Reuters in an interview last year that the search giant regularly faces off against a half-dozen rivals for deals, including Apple Inc and Microsoft Corp.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions