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Viber App Purchased for $900 million. Is it worth it?

by David Braybrooke
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Oh, to be that cashed up!!

Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for $900 million in a deal that would more than double the number of users in its digital empire.

Viber is one of the top five most downloaded smartphone phone call and messaging apps, and counts the United States, Russia and Australia among its biggest markets.

Funded from the pockets of its founders and several private investors from the United States, Viber competes with instant messaging apps such as WeChat, a unit of Chinese Internet firm Tencent Holdings Ltd, U.S. rival WhatsApp, and Line, owned by Korean company Naver Corp.
Viber bought up by Japan's Rakuten for $900 million | SciTech | GMA News Online

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