Facebook to announce acquisition of Israeli startup
Facebook is expected to announce the acquisition of the Israeli startup Onavo from Ramat Gan for $150-$200 million. It is expected to be the social network giant's largest Israeli purchase and in its wake the company is likely to open its first development center in Israel.
Onavo was founded in 2009, and developed a cloud-based technology which allows better usage of data on smartphones and tablets. The company was founded by Guy Rosen and Roi Tiger, and employees 30 workers in Ramat Gan and Palo Alto. (Ynet)
