Facebook has in agreement to shop for start-up app-maker Onavo, the Israeli company same on its web site on Monday, while not giving any details of the deal.
Facebook is paying between $150 million and $200 million, the Calcalist money news web site same, creating it the social media company's biggest acquisition in Israel.
The company, based 3 years past, same that after the dealings closes, Onavo's mobile utility application - that helps individuals cut mobile prices through additional economical use of information - can run as a standalone whole.
Onavo has raised $13 million in working capital, per Calcalist. Its investors ar redwood Capital, stone Venture Partners, Horizons Ventures and Motorola quality Ventures.
Onavo can keep its Israeli offices, creating this the primary time Facebook can run a quest and development centre in Israel, per the Haaretz news web site.
When Facebook noninheritable Snaptu and Face.com, it transferred the staff to its own offices in CA, wherever Onavo already has offices.
Post a Comment