Facebook and Indian Startup Little Eye Labs are closer to a deal

It was reported earlier this month that Facebook was set to make its first acquisition in India, Bangalore-based startup Little Eye Labs, which creates performance-analysis tools for Android developers. More details on the planned transaction have emerged.

We now have more details on Facebook’s plans to acquire Bangalore-based Little Eye Labs, an Indian startup whose primary product is a software tool for analyzing Android apps’ performance. Multiple sources have told us that the two companies exchanged the term sheets few weeks ago, and that a final announcement could be made by mid-January. The deal size is expected to be in the range of $10-15 million.