Facebook has agreed to buy start-up app-maker Onavo, the Israeli company said on its website on Monday, without giving any details of the deal.<\/p>\n
Facebook is paying between $150 million and $200 million, the Calcalist financial news website said, making it the social media company’s biggest acquisition in Israel.<\/p>\n
The company, founded three years ago, said that once the transaction closes, Onavo’s mobile utility application – which helps people cut mobile phone costs through more efficient use of data – will run as a standalone brand.<\/p>\n
Onavo has raised $13 million in venture capital, according to Calcalist. Its investors are Sequoia Capital, Magma Venture Partners, Horizons Ventures and Motorola Mobility Ventures.<\/p>\n
Onavo will keep its Israeli offices, making this the first time Facebook will run a research and development centre in Israel, according to the Haaretz news website.<\/p>\n
When Facebook acquired Snaptu and Face.com, it transferred the employees to its own offices in California, where Onavo already has offices.<\/p>\n
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