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Rakuten buys Viber Media for $900M US

Media | 02/14/2014 6:01 pm EST

Rakuten Inc., a Tokyo-based provider of e-commerce and financial services, said Friday it is buying Viber Media Ltd., a provider of voice-over-IP (VoIP) and messaging services, for $900 million US. Rakuten said in a press release the addition of Viber would strengthen its own business “through the use of Viber’s range of customers in the company’s e-commerce and digital-contents services.” Rakuten said Viber has 280 million registered users globally and has “rapidly growing numbers of users, especially in emerging countries.” Reuters reported the...