Fri

14

Feb

2014

Japanese e-commerce giant Rakuten snaps up voice calling app Viber for $900M

"If we didn't acquire [Viber] now, I don't consider we could have got it later, it's growing therefore fast," Rakuten founder and CEO Hiroshi Mikitani mentioned inside a presentation announcing the deal today.

Mikitani noted the acquisition could effortlessly allow Viber customers blackcams to be able to subscribe to Rakuten accounts, along with Viber could find yourself making several money pertaining to his organization via the actual sale regarding virtual stickers (a well-liked feature in chat apps these days). He furthermore hinted that will mobile games could ultimately make their way to Viber, something that rival apps similar to line and also Kik previously offer.
The e-commerce firm announced this morning in which it has acquired Viber, a new voice calling as well as messaging app together with greater than 200 million users, pertaining to $900 million, your Wall Street Journal reports.



Chalk up an additional huge acquisition pertaining to Japan's Rakuten.


Japanese e-commerce giant Rakuten snaps up voice calling app Viber with regard to $900M | VentureBeat | Deals | through Devindra Hardawar
As along with many of Rakuten's latest deals -- including any $315 million obtain with the e-reader organization Kobo throughout 2011, plus a $250 million Buy.com acquisition a year earlier -- Rakuten is looking to grow to be much more of the global player by buying Viber. The Actual company announced its first stab in video chats last year with its very first desktop client, that makes it more of the Skype competitor than a mere mobile communications app.
As the particular WSJ points out, Viber nevertheless isn't coming to end up being able to a money yet, with a net loss involving $29.5 million this past year with revenues involving simply $1.5 million. the organization can furthermore be unique for not taking virtually any opportunity funding -- instead, it provides been funded by simply "friends along with family."

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