TOKYO: Japanese e-commerce company Rakuten said that it will buy instant messaging app provider Viber Media for $900 million, hoping to tap the Cyprus-based company's rapidly expanding business in emerging markets. Rakuten said the purchase of Viber Media, run from Cyprus by Israeli entrepreneur Talmon Marco, will add 300 million users to its existing 200 million users. Viber CEO and founder Marco, underlined these synergies, "Sharing similar aspirations with Rakuten, our vision is to be the world's No. 1 communications platform and our combination with Rakuten is an important step in that direction."
Friday, 14 February 2014
Mobile Apps Viber Sold for $900 Million
TOKYO: Japanese e-commerce company Rakuten said that it will buy instant messaging app provider Viber Media for $900 million, hoping to tap the Cyprus-based company's rapidly expanding business in emerging markets. Rakuten said the purchase of Viber Media, run from Cyprus by Israeli entrepreneur Talmon Marco, will add 300 million users to its existing 200 million users. Viber CEO and founder Marco, underlined these synergies, "Sharing similar aspirations with Rakuten, our vision is to be the world's No. 1 communications platform and our combination with Rakuten is an important step in that direction."
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