Rakuten to buy Viber for USD 900 million

Thursday 27 February 2014 10:25 CET | News

Rakuten, the Japanese technology and ecommerce company, has revealed plans to buy call and messaging app provider Viber Media for USD 900 million, GMA news online reports.

According to the source, the deal between Rakuten and the privately held provider would more than double the number of users in its digital empire. Cyprus-based Viber will add 300 million users to Rakuten’s existing 200 million users. Viber is a phone call and messaging app that counts the US, Russia and Australia among its markets.

The acquisition by Rakuten is to be completed by the end of March 2014.

In recent news, Rakuten has announced the inauguration of a Paris-based center for research and development.

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Keywords: Rakuten, Viber, ecommerce, messaging
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce