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Meta Spends USD 60M On Rights, Trademarks To Secure Its New Name
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Facebook’s parent company Meta is determined to spend USD 60m to acquire the naming rights owned by the US bank Meta Financial Group, the latter company disclosed in a recent regulatory filing.
Earlier this month, Meta Financial Group executed a purchase agreement with Beige Key LLC, a Delaware limited liability company.
“Beige Key is affiliated with us and we have acquired these trademark assets,” a Meta Platforms spokesperson told Reuters.
A spokesperson for MetaBank also confirmed Meta Platforms was involved in the deal.
The bank has assigned to the buyer for USD 60m in cash all of the "worldwide right, title, and interest in and to” its names and trade names, trademark registrations and common law rights, domain names and social media
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