1/27/2024 0 Comments Rakuten viber meaning![]() From hereon, the company will consider trading conditions and make a disclosure in a timely and appropriate manner. The potential impact on its earnings results from this new subsidiary is at present difficult to estimate. Resolution at the Board of Directors’ meetingĮxecution of investment agreement with Viber Number of Shares to be Acquired, Acquisition Price and State of Share Ownership Before and After Acquisitionĥ3,115 shares (Acquired shares from existing shareholders)Īpproximately USD 900 million is planned, including advisory expenses, compensation and other expenses There is no capital, personnel or business relationship between the Rakuten Group and the company to be specified.Ĥ. Relations between Rakuten Group and the relevant company There is no capital, personnel or business relationship between the Rakuten Group and Shabtai family to be specified. Relations between Rakuten Group and Shabtai family The other existing shareholders are 8 individuals including employees of Viber. Before the transaction, the aggregated total ownership of such shareholders is approximately 79%. The outline of the major existing shareholders from whom the company will acquire shares is listed below. Details of Company Whose Shares will be Acquired.(Unit thousand US$ (excluding net assets per share, net income per share, and dividend per share)) Viber’s consolidated business results and consolidated financial position for past two years Relations between Rakuten Group and Viber The combination also opens massive new potential markets for Viber through Rakuten Group’s roughly 200 million global members.įiliou Zannetou, 2, C & F Orologas Building, 1st floor, Katholiki, 3021, Limassol, Cyprus Viber’s fun approach to messaging and high quality VoIP services is a perfect marriage with Rakuten’s Internet service offerings and its “Shopping is Entertainment” philosophy lays the foundation for the world’s most comprehensive and engaging daily online platform. The Company has developed the “Rakuten Ecosystem” and members are able to access a range of services through common ID numbers and the enormously popular and successful online Rakuten Super Points rewards program. 1 Internet services company, and in addition to our existing e-Commerce and Internet finance services, this acquisition will allow the Company to build on several digital contents services, and advance into new markets. Viber’s globally popular messaging service is seeing a rapid increase in numbers of registered users, and this will strengthen our digital strategy. In the past, consumers had been using conventional televisions and fixed line telephones for contents as a means of communication, but this has been shifting to mobile contents and apps. The Company decided to acquire Viber to strengthen its global platform through the use of Viber’s range of customers in the Company’s E-Commerce and digital contents services. ![]() Viber is rapidly growing numbers of users, especially in emerging countries. ![]() Viber apps on smartphones allow users to have conversations, and through its high quality functions users can send and receive messages and images, thus Viber offers a hybrid range of services rarely found on competing platforms. Viber is a messaging and VoIP service operator and has approximately 280 million global registered users, and monthly active users over 100 million. ![]() The Company will acquire Viber for a total consideration of $900 million and will hold 100% of Viber’s outstanding voting stock and underwrite a new issue of shares. (hereinafter the “Company”) resolved to acquire global pioneering messaging and VoIP company, Viber Media Ltd (hereinafter “Viber”). At a Board of Directors meeting held today, Rakuten, Inc. ![]()
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