The social media giant made another addition, acquiring the Israeli Onavo for a price ranging from 150 to 200 million dollars, according to reports.
The Israeli company helps users make more efficient use of their data plans, saving money, through the data compression technology it has developed.
Onavo seems like the ideal partner in Facebook's effort to reduce the cost of Internet use in countries that operate largely on a prepaid basis, but it is also considered an excellent investment to improve the popular social network's mobile services with its know-how.
This specific acquisition is part of Facebook's internet.org project, which aims to make Internet use sustainable in developing countries.
Despite the acquisition, Onavo will operate as an autonomous company and will be Facebook's first offices in Israel, which is a response to the fire the company received after Google acquired the also Israeli Waze, regarding the American company's alleged reluctance to establish offices outside America.
The deal was announced by Onavo on its blog, without disclosing the exact amount of the acquisition.
Source: tro-ma-ktiko.blogspot.gr
