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Japan's Rakuten acquires Viber for $900mn

The deal would allow Viber to potentially add Rakuten Group's nearly 225 million members to its existing user base of 300 million registered users

ANI  |  Washington 

Japanese Internet giant has reportedly announced that it is set to acquire messaging service for a deal priced at $900 million.

The deal would allow to potentially add Group's nearly 225 million members to its existing user base of 300 million registered users.

However, the Rakuten-pairing might pose a significant new challenge to rival Line, which announced crossing the 300 million registered users benchmark back in November 2013 and is aiming for the 500 million milestone in 2014, Tech Crunch reports.

CEO Hiroshi Mikitani hinted that games are part of the company's plans for and said that he was excited to welcome the messaging service.

As seeks to become the world's number one Internet services company, its acquisitions have included e-reading platform Kobo for 315 million dollars, Spanish streaming video service Wuaki.tv and Viki, a global video streaming platform that crowdsources translated subtitles, for a reported 200 million dollars.

The report said that Rakuten's announcement comes just two days after Media denied a report that it was in talks to be acquired by an instant messaging company from Asia for 300 million to 400 million dollars.

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Japan's Rakuten acquires Viber for $900mn

The deal would allow Viber to potentially add Rakuten Group's nearly 225 million members to its existing user base of 300 million registered users

Japanese Internet giant Rakuten has reportedly announced that it is set to acquire messaging service Viber for a deal priced at $900 million.

Japanese Internet giant has reportedly announced that it is set to acquire messaging service for a deal priced at $900 million.

The deal would allow to potentially add Group's nearly 225 million members to its existing user base of 300 million registered users.

However, the Rakuten-pairing might pose a significant new challenge to rival Line, which announced crossing the 300 million registered users benchmark back in November 2013 and is aiming for the 500 million milestone in 2014, Tech Crunch reports.

CEO Hiroshi Mikitani hinted that games are part of the company's plans for and said that he was excited to welcome the messaging service.

As seeks to become the world's number one Internet services company, its acquisitions have included e-reading platform Kobo for 315 million dollars, Spanish streaming video service Wuaki.tv and Viki, a global video streaming platform that crowdsources translated subtitles, for a reported 200 million dollars.

The report said that Rakuten's announcement comes just two days after Media denied a report that it was in talks to be acquired by an instant messaging company from Asia for 300 million to 400 million dollars.

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Business Standard
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Japan's Rakuten acquires Viber for $900mn

The deal would allow Viber to potentially add Rakuten Group's nearly 225 million members to its existing user base of 300 million registered users

Japanese Internet giant has reportedly announced that it is set to acquire messaging service for a deal priced at $900 million.

The deal would allow to potentially add Group's nearly 225 million members to its existing user base of 300 million registered users.

However, the Rakuten-pairing might pose a significant new challenge to rival Line, which announced crossing the 300 million registered users benchmark back in November 2013 and is aiming for the 500 million milestone in 2014, Tech Crunch reports.

CEO Hiroshi Mikitani hinted that games are part of the company's plans for and said that he was excited to welcome the messaging service.

As seeks to become the world's number one Internet services company, its acquisitions have included e-reading platform Kobo for 315 million dollars, Spanish streaming video service Wuaki.tv and Viki, a global video streaming platform that crowdsources translated subtitles, for a reported 200 million dollars.

The report said that Rakuten's announcement comes just two days after Media denied a report that it was in talks to be acquired by an instant messaging company from Asia for 300 million to 400 million dollars.

image
Business Standard
177 22