Meta Pays $60 Million To Meta Financial Group For Name Rights
Meta Platforms Inc (NASDAQ:FB) – former Facebook – has paid MetaBank – Meta Financial Group (NASDAQ:CASH)— from South Dakota $60 million to secure the “Meta” name rights. The move connects with the tech giant’s efforts to position the new brand around the metaverse concept. Q3 2021 hedge fund letters, conferences and more Name RightsAccording to Reuters, Meta Financial disclosed in regulatory filing Monday that Beige Key LLC —a company affiliated to Meta Platforms— agreed to purchase global rights to the bank’s names for $60 million. Although Beige Key’s owner’s name has not been revealed, a M...