Reports of Facebook looking to acquire Bangalore-based Little Eye Labs highlight a growing interest from the Internet’s biggest firms in acquiring engineering and startup talent from India. But Facebook is not the only one.
Twitter has been eyeing up an acquisition of Bangalore-based Frrole, a big data startup that sifts through half a billion Twitter posts every month to offer insights about users. Sources directly familiar with the negotiations tell me that the companies are still exploring ways to make it work.
Facebook has declined to comment on the report, and Little Eye Labs officials were unavailable for comment at the time of writing this post. But sources familiar with the Bangalore-based startup said “as of now, there’s nothing on the table.” We know a lot happens before such deals “actually get on the table” but this person tells me for now the report is, indeed, pure speculation.
Twitter had not responded to my email seeking comments on its interest in Frrole.
Read also:
Facebook Linked with First Startup Acquisition in India (The Next Web)
Facebook may acquire app crash-testing startup in India (Silicon Valley Business Journal)
Facebook in talks to buy Indian company: Report (Times of India)
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