Facebook reportedly hired Google's Amin Zoufonoun to lead its mergers and acquisitions team. The new move from Facebook hints that the company has been planning to acquire more start-ups and to widen its staff talents.
Zoufonoun has been with Google since 2003. His LinkedIn profile described that Zoufonoun is mainly focused on strategy and deal execution, including evaluation, negotiating and executing Google"s mergers, acquisitions and investments. Zoufonoun will report to Facebook's Vaughan Smith.
Earlier in Mar 2011, Google acquired a UK price comparison website beatthatquote.com for $61 million and bought another Web video production company Next New Networks, aiming to make YouTube as a content creator.
Google has been facing brain drain to other tech firms like Facebook. Market analysts estimated that a 10 per cent of Facebook employers are ex-Google staffs.