If this angel investor is right, Facebook Inc (NASDAQ:FB) is about to buy Meerkat.
According to Jason Calacanis, Facebook Inc (NASDAQ:FB) may be on the verge of acquiring Meerkat in the next six months. The tidbit was shared by Calacanis in an interview with Jon Fortt on CNBC.
“As you know, I have a lot of inside information. So every time I go on this program, I tell you stuff. I don’t trade any stocks so don’t worry, I’m not trading stocks on any of this. But I’m an angel investor. I have 125 companies in my portfolio. I sell companies to the big companies,” Calacanis tells Fortt.
Calacanis who has said earlier this year that video will be a huge driver for Twitter Inc (NYSE:TWTR), also expressed disappointment that he is not an investor in Meerkat or Periscope, both live streaming apps, which have taken the technology sphere in storm.
“I missed both of those. However, I have a lot of inside information. I live in San Francisco and I’ve been doing this for 25 years,” he tells Fortt.
Meerkat, a live streaming application, is currently battling Twitter’s Periscope. In a separate interview on CNBC, International Business Times editor Michael Learmonth said last month that there is still no clear winner between both apps.
He said that Meerkat has the benefit of many popular investors in the entertainment industry while Periscope, a company Twitter acquired, has the benefit of access to Twitter’s social graph.
It turns out, however, that the battle may be heating up, especially if Facebook Inc (NASDAQ:FB) enters the fray by buying Meerkat.
In the same interview, Learmonth said that people should expect a play from Facebook Inc (NASDAQ:FB) in the near future. If Calacanis is right, Learmonth’s words might just prove to be prophetic.
Philippe Laffont’s Coatue Management owned about 7.18 million shares of Facebook Inc (NASDAQ:FB) by the end of the last quarter of 2014.
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