Facebook bought the trademark assets of U.S. regional bank Meta Financial Group for… $60 million!
According to the SEC filing:
Pursuant to the Agreement, upon the terms and subject to the conditions set forth therein, the Company has assigned to Assignee for $60,000,000 in cash all of the Company’s worldwide right, title, and interest in and to: (i) company names and trade names including META and other META formative names, including METABANK and META FINANCIAL GROUP; (ii) trademark registrations and common law rights for META and other METAformative marks; (iii) META and META-formative domain names and social media accounts; and (iv) all goodwill associated with the foregoing (collectively, the “META Marks and Names”).
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Source: Reuters