Facebook roundup: IPO, Caffeinated Mind, hackathon, politicians
Facebook seeks larger credit line, adds more banks for IPO – Reuters reports that Facebook is set to increase its $2.5 billion credit line ahead of the financial blow the company will suffer after employee stock awards vest. As such, it has hired Deutsche Bank, Credit Suisse Group and Citigroup to assist on its IPO, according to Bloomberg.
Facebook acquires Caffeinated Mind team – Facebook acquired the team behind Caffeinated Mind, according to a report from VentureBeat. The startup revolved around fast in-browser file transfers, as well as big data transfers.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in