SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Rakuten buys Viber for $900m [TradeArabia]

[February 16, 2014]

Rakuten buys Viber for $900m [TradeArabia]

(TradeArabia Via Acquire Media NewsEdge) Rakuten, one of the world's largest Internet services companies, has acquired Viber, a pioneering messaging and VoIP company.

Rakuten will acquire Viber for a total consideration of $900 million, said a statement.

The acquisition represents another bold step for Rakuten into the digital content space, following its acquisitions of Kobo, Wuaki.tv, and Viki.


As people continue to shift from traditional content and communications platforms to mobile applications, Viber, one of the most popular mobile communications services worldwide with a rapidly growing global user base of 300 million registered users, perfectly complements Rakuten's strategy in the digital space, the company said.

This acquisition will enable Rakuten to penetrate new markets with multiple digital content offerings, in combination with its e-commerce and financial services platforms, it said. - TradeArabia News Service   ? (c) 2014 Al Hilal Publishing & Marketing Group Provided by Syndigate.info, an Albawaba.com company

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy