Facebook acquiring 4th Israeli company

The social media site acquired the Kfar Saba based company Pebbles Interfaces for $60 million .

By JTA
July 20, 2015 11:05
Facebook

Facebook. (photo credit: ILLUSTRATIVE: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

JERUSALEM — Facebook is acquiring an Israeli start-up company that has developed technology for operating a computer through hand and finger gestures.

Pebbles Interfaces, based in Kfar Saba, is Facebook’s fourth acquisition in Israel, the Israeli business daily Globes reported Sunday. Facebook reportedly has agreed to pay $60 million for the company.

Be the first to know - Join our Facebook page.


Pebbles Interfaces made the announcement on its website, saying it was joining Oculus, which Facebook acquired for $2 billion. The acquisition is being made through Oculus, according to Globes.

“For the last 5 years, we’ve been focused on building a technology that extends human behavior, enabling simple and intuitive interaction with any consumer electronic device,” the announcement said. “At the same time, we’ve seen virtual reality make huge strides, changing the way people interact with one another. At the forefront of that shift is Oculus, and joining Oculus will help advance our vision building immersive experiences and revolutionizing digital human interaction.”

It is not known whether the company’s employees will remain in Israel or not, according to Globes.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue

By MAX SCHINDLER