Facebook’s acquisition of social network QS, which it purchased for $10.3 billion in August, is expected to take place over the next few weeks, according to a person familiar with the matter.
The person spoke on condition of anonymity because the acquisition is private.
The person said the deal is expected in early to mid-November, and Facebook’s board will approve it at its meeting on Dec. 11.
Facebook has not announced a date for the deal.QS is a popular social media service that lets users post videos, photos, maps and other content that can be viewed by other users, along with a few other features.
It is also a competitor to other platforms, including Twitter and Instagram, which are often heavily weighted in the social networking sphere.
Facebook is betting big on QS because of the growing popularity of social media and its ability to provide more tailored content to users.
The acquisition of the company would allow the social network to focus on other core areas, like building its Messenger app, the person said.
The company has been investing heavily in QS and is also looking to acquire other companies that provide similar services, the same person said, asking not to be identified by name.
Facebook’s announcement comes as Google, Twitter and other companies are taking a harder line against fake news and other harmful content that spread on social media.
Google has said it is working to remove more than 100 million fake news stories from the search engine, which is now the largest.
Twitter has also taken a harder stance against fake stories, which have flooded its platform in recent weeks.
Twitter also recently said it was launching an investigation into the sharing of a photo of a dead child by a U.S. soldier.