Rakuten Inc, an Internet services company has acquired Viber, messaging and VoIP company for $900 million, as the firm leaps into the digital content space with Kobo, Wuaki.tv, and Viki acquisitions.
Viber CEO and Founder, Talmon Marco said,“ This combination presents an amazing opportunity for Viber to enhance our rapid user growth in both existing and new markets. Sharing similar aspirations with Rakuten, our vision is to be the world’s No.1 communications platform and our combination with Rakuten is an important step in that direction.”
Viber will help the firm shift from traditional content and communications platforms to mobile applications, with its rapidly growing global user base of 300 million registered users to make Rakuten the world’s No.1 Internet services company. Viber will enable Rakuten to penetrate new markets with multiple digital content offerings, in combination with its e-commerce and financial services platforms. It’s fun approach to messaging and high quality VoIP services will help Rakuten’s digital content offerings and its “Shopping is Entertainment” approach to be the most visisted online platform and unlock new markets for Viber through Rakuten Group’s roughly 225 million global members.
Rakuten Chairman and CEO, Hiroshi Mikitani, said, “I am tremendously excited to welcome Viber to the Rakuten family. Viber delivers the most consistently high quality and convenient messaging and VoIP experience available. Additionally, Viber has introduced a great sticker market and has tremendous potential as a gaming platform. Simply put, Viber understands how people actually want to engage and have built the only service that truly delivers on all fronts. This makes Viber the ideal total consumer engagement platform for Rakuten as we seek to bring our deep understanding of the consumer to vast new audiences through our dynamic ecosystem of Internet Services.”
The firm says Viber’s multi-platform application adoption is impressive with significant growth reaching 300 million registered users, growing over 120% in 2013.