Internet telephony and messaging company Viber, which has 15 million registered users in India and 300 million registered users internationally, has been acquired by Japanese membership-based Internet services company Rakuten for $900 million. Rakuten said in its earnings presentation that Viber has 105 million monthly active users globally and that the deal will be closed by March. Interestingly, Viber has already launched new stickers welcoming its new overlords. In a statement that sounds like we've heard it before, Rakuten said that it will integrate Viber's messaging system into "its existing services to create a unified social and communication platform". It is also looking at the acquisition of Viber as a way of expanding its reach to new markets, especially emerging markets where Viber has a huge install base. A substantial number of Viber users, 31.2%, are in Asia, while 24% of its users are in Western Europe. Middle East accounts for 12.3% of its user base and South America comprises 9.8%. Viber app currently receives 550,000 signs ups everyday. The Japanese company's co-founder and CEO Hiroshi Mikitan said that the decision to acquire Viber a no-brainer and added that "messaging apps are taking over the world". Frankly, we see Viber more as a calling service than a messaging service. It needs to be noted that eBay had bought Skype for more than $2 billion in 2005, and then sold the majority of its stake in 2009 to a private investment group for $1.2 billion. The only difference between 2005 and now is the popularity of…
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...