As War for Web Messaging Users Grows, Rakuten Buys Viber for $900 Million

He recently lost the pitcher Masahiro Tanaka to the New York Yankees, but Hiroshi Mikitani, the billionaire owner of the Japanese e-commerce giant Rakuten, may now have found some solace.On Friday, Rakuten said it would buy Viber Media, which runs a popular app for calling and messaging, for $900 million.The move by Rakuten would bolster Mr. Mikitani’s fast-growing empire, whose businesses already include the Rakuten online marketplace, a travel agency, credit cards and the baseball team Tohoku Rakuten Golden Eagles, which once had Mr. Tanaka on its roster.
http://dealbook.nytimes.com/2014/02/14/rakutenjapanese-e-commerce-giant-to-buy-viber-for-900-million/

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.