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Monday, March 14, 2011

Facebook hires Google exec to lead M&A efforts, (NASDAQ: GOOG)

Facebook has hired a member of Google Inc's (GOOG.O) corporate development team to lead its fledgling merger and acquisition efforts. Amin Zoufonoun, a director of corporate development at Google, will join the world's No.1 Internet social network company next week, Facebook confirmed on Monday. The move -- the latest development in the rivalry between the two Internet powers -- comes as Facebook steps up its acquisitions, which to date have primarily been small start-ups it has picked up for the engineering talent rather than the actual product.

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