Israel Hayom reports that the Tel Aviv-based company announces lucrative sale, which is estimated at somewhere between $150 million and $200 million • Onavo offices to be used as first Facebook headquarters in Israel, company’s 30 employees to join social media giant’s staff.
Ilan Gattegno and Israel Hayom Staff
Onavo, a Tel Aviv-based mobile analytics company, announced Monday that it has been acquired by Facebook. The terms of the deal were not disclosed, but the deal is estimated to be worth between $150 million and $200 million.
According to reports in Israeli financial media, the company’s 30 employees will join Facebook, which plans to use Onavo’s offices in Tel Aviv as its first headquarters in Israel.
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