Meta Platforms Buys Name Rights for Meta
- Date: 14-Dec-2021
- Source: Nasdaq
- Sector:Financial Markets
- Country:UAE
Meta Platforms Buys Name Rights for Meta
Technology behemoth Meta Platforms, Inc. (FB) the parent company of social media platform Facebook is said to be behind a $60 million deal to buy the trademark assets of the U.S. regional bank Meta Financial Group (CASH), according to Reuters.
Shares of FB closed up 1.4% at $334.49 on December 13.
Spokespeople from both companies confirmed on Monday that Beige Key LLC owned by Meta Platforms, paid $60 million to the financial institution to buy the “Meta” name, along with Metabank, Meta Financial Group, and all Meta-related domain names and social media accounts.
Select Sector 
Select Country 
