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February 14, 2014

Rakuten pay out $900 Million for Viber

Rakuten_Viber1

Chairman and Chief Executive of e-commerce operator Rakuten Inc Hiroshi Mikitani (L) and Viber Media Chief Executive Talmon Marco

Viber, the instant messaging and VoIP platform, has been bought by Japanese e-commerce giant Rakuten. Several days after it categorically denied acquisition rumours. The deal is worth $900 million – a huge amount for a company that generates almost no revenue and has never raised venture capital. After the acquisition, the messaging service is expected to continue operating as normal.
Founder and CEO Hiroshi Mikitani said in a statement to Bloomberg:

“Viber understands how people actually want to engage and have built the only service that truly delivers on all fronts. This makes Viber the ideal total consumer engagement platform for Rakuten as we seek to bring our deep understanding of the consumer to vast new audiences.”
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Dave Thornton

Senior Editor

Senior Editor
Been involved in technology for many years, more than I care to remember. Live in Dundee, Scotland. I like Android, Windows Phone OS, BlackBerry OS and iOS, and love writing about all things techie. Currently have a Honor 6+, Elephone P6000, Nexus 5, Chrombook C720, HTC One M7, Nokia Lumina 625, Microsoft Lumia 435, Blackberry Q10, HTC Hero and iPad mini