Xigem Technologies (CSE:XIGM) CEO Brian Kalish and FB Labs CEO Jonathan Tick joined Stephen Gunnion from Proactive with news that Xigem has entered into a letter of intent to acquire a 25% interest in FB Labs.
Kalish telling Proactive that the investment aligns with its strategy of aggregating a portfolio of innovative technologies capable of disrupting traditional customer acquisition and retention business models.
Tick saying the deal is a good fit for FB Labs and the right path forward for the company.