Time for an Arab takeover of the Israeli venture? Rumor has it that Viber hired Goldman Sachs to help it sell itself
"I am unaware of any such talks, and I have no idea where the media found this,"Viber Media Inc. CEO Talmon Marco said.
Click here to add Goldman Sachs as an alert
Disable alert for Goldman Sachs,
Click here to add Israeli government as an alert
Disable alert for Israeli government,
Click here to add Las Vegas as an alert
Disable alert for Las Vegas,
Click here to add Talmon Marco as an alert
Disable alert for Talmon Marco,
Click here to add Viber Media Inc. as an alert
Disable alert for Viber Media Inc.
"I am unaware of any such talks, and I have no idea where the media found this,"Viber Media Inc. CEO Talmon Marco told "Globes" today in response to reports that the company was in talks to be acquired by a large Asian app company for $300-400 million. Viber, which is registered in Cyprus and Las Vegas, has a small development center in Israel with a few dozen employees.
Notwithstanding the denial, sources inform ''Globes'' that Viber hired Goldman Sachs several months ago to seek a buyer for the company at a value of $500-600 million, but that no buyer had been found to date. The sources added that the company is still up for sale.
In the past, Viber kept quiet about its Israeli connection, because the company is very active in Arab countries, and apparently feared the Arab boycott. Because the company is not registered in Israel, the Israeli government will not receive any tax revenues on a sale.
Viber's app enables Internet protocol calls for free. The app became available for Windows and Mac PCs a few months ago. The app can also handle SMS and instant messaging. Viber identifies the caller's device, so that messages will not appear on every device on which the app is installed.
Viber currently has more than 200 million users in 193 countries. The app can be downloaded for iPhones, Android devices, Windows Phone, Blackberry, and Symbian operating systems.
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge
- Jordan raises $400M for first phase of Red-Dead project
- Tunisia 2020 investment conference: 145 mega projects on offer
- Is Mark already going at it? Whatsapp to launch free voice calls
- Skype may follow Viber
- You don't need to be Muslim to practice? Why Goldman Sachs' sukuk sales worked so swell this around
- Disowned! Desperate to retain its consumer base, Viber tries to zealously distance itself from Israel
- National Australia Bank to Buy 80.1% Stake in Goldman Sachs Brokerage Unit