App maker Onavo swallowed up by Facebook
Posted by: Timothy Weaver on 10/14/2013 11:16 AM
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Mobile app maker Onavo was goobled up by Facebook to a reported $150 to $200 million dollars and acquired its first Israeli office. Israeli newspaper Calcalist claimed that Facebook spent up to $200m on the analytics firm.
Facebook would be taking over Onavo's Tel-Aviv office. It will become the first office of Facebook in Israel.
"We’re excited to join [Facebook's] team, and hope to play a critical role in reaching one of Internet.org’s most significant goals – using data more efficiently, so that more people around the world can connect and share," Onavo co-founders Guy Rosen and Roi Tiger wrote in a blog post.
Facebook would be taking over Onavo's Tel-Aviv office. It will become the first office of Facebook in Israel.
"We’re excited to join [Facebook's] team, and hope to play a critical role in reaching one of Internet.org’s most significant goals – using data more efficiently, so that more people around the world can connect and share," Onavo co-founders Guy Rosen and Roi Tiger wrote in a blog post.
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