Viber, an app that gained global popularity by letting its users make voice calls over data, has been acquired by Japan’s e-commerce giant Rakuten, Inc.
“The Company will acquire Viber for a total consideration of $900 million and will hold 100 per cent of Viber’s outstanding voting stock and underwrite a new issue of shares,” a release from the Japanese company said.
Rakuten said the company decided to acquire Viber to strengthen its global platform through the use of Viber’s range of customers in the company’s E-commerce and digital contents services. Viber has 280 million global registered users and 100 million monthly active users. Rakuten has e-commerce interests in at least four continents and has clearly stated ambitions to become the “No. 1 Internet services company in the world”.
Acquiring one of the top messaging apps in the world is clearly a step in consolidating the two user bases. In fact, South Korea’s Kakao talk, one of the most monetised messaging apps in the world, is also a successful e-commerce platform. It seems Rakuten seems to have been inspired by the success of the this company from its neighbourhood.