Viber Media has decided to sell off it’s highly popular VoIP application that is available all three leading mobile platforms; Android, Windows Phone 8 and iOS. It will be sold to an e-commerce and internet company called Rakuten, the company is based in Japan. The company has said that it will be buying the voice calling and instant messaging application for $900 million. This purchase will be made hoping that it will help the Viber Media, a company based in Cyprus, expand its business business in several other egressing markets.
According to Rakuten, the acquisition of Viber Media, that is currently being run by Talmon Marco, an Israeli entrepreneur, will give the company 300 million users, add this to the current 200 million users and the company will get a total of 500 million users. The Japanese internet giant decide to hold a press conference and issued a statement saying, “As Rakuten aims to become the world’s No.1 internet services company, this acquisition will enable Rakuten to penetrate new markets with multiple digital content offerings.” Continue Reading →