Monday, October 14, 2013

Facebook Acquires Onavo for $100M

Haaretz reports today that "Facebook, the world’s largest social network, has signed an agreement to acquire the Israeli startup Onavo for more than $100 million [other sources say $150M].

Onavo, the developer of an award-winning mobile utility app and the company behind Onavo Insights, made the announcement Monday morning to its employees and published a notice on its blog (see "We are joining the Facebook team" - here).

  • Optimization Announcements: Onavo Offers "3rd Party" Compression Service -here
  • Onavo CEO: We may Charge for our Data Optimization Service - here
  • Optimization Market: Li Ka-shing and Motorola Invest in Onavo - here
See "Facebook buys Israeli startup Onavo for more than $100 million" - here.

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