Social networking site Facebook has poached Amin Zoufonoun, director of corporate development at Google, to come look after its mergers and acquisitions.
According to a Reuters report, Zoufonoun, who has worked at Google since 2003, will lead the social networking company’s merger and acquisition efforts and will be responsible for hiring more people for the M&A team.
This is not the first time Facebook has hired employees of Google. The current chief operating officer Sheryl Sandberg, vice-president of advertising and global operations David Fischer, and mobile head Erick Tseng are among the most notable past employees of Google who are now working for Facebook.
Last year, Google’s M&A chief David Lawee told Reuters that it regularly contends against rivals such as Apple Inc and Microsoft Corp for deals.
In 2010, Facebook purchased 10 companies, including location service HotPotato and Chai Labs.
Article courtesy of Businessandleadership.com