Post a Comment Print Share on Facebook
Featured Spain book EURO Diana Darke Cancer and Diabetes Seminar England fenerbahce
banner11
banner6

reads.

Facebook buys Onavo

Facebook is paying between $150 million and $200 million, the Calcalist financial news website said, making it the social media company's biggest acquisition in Israel. The company, founded three years ago, said that once the transaction closes, Onavo's mobile utility application - which helps people cut mobile phone costs through more efficient use of data - will run as a standalone brand. Onavo has raised $13 million in venture capital, according to Calcalist. Its investors are Sequoia Capital, Magma Venture Partners, Horizons Ventures and Motorola Mobility Ventures. Onavo will keep its Israeli offices, making this the first time Facebook will run a research and development centre in Israel, according to the Haaretz news website. When Facebook acquired Snaptu and Face.com, it transferred the employees to its own offices in California, where Onavo already has offices.

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.