Reports: Israeli-founded Viber in exit talks with Asian company

Video and chat company reportedly in talks to be bought out in deal for $300-$400 million.

By
February 11, 2014 14:55
Viber

Viber logo. (photo credit: Courtesy)

 
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 uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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 Don't show it again

Israeli-founded video and chat company Viber is negotiations for a buyout for $300 million to $400m. with a major Asian texting company, Calcalist reported on Tuesday.

Viber CEO Talmon Marco denied the report, telling Globes, “I am unaware of any such talks, and I have no idea where the media found this.”

Be the first to know - Join our Facebook page.


Globes reported, however, that Viber had sought a buyer through Goldman Sachs for $500m. to $600m.

The company, which is officially registered in Cyprus but was founded by Israelis and maintains a development center here, boasts 200 million users who use the program to make calls and send texts to other users using data or WiFi.

Because it is registered abroad, Israel would not receive tax revenues from its sale.

For people with limited minutes and text messages on their mobile plans, that can be a major saver.

The company recently unveiled desktop versions of its application to connect computers to mobile phones as well.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS