from the December 2013 issue

Israeli startup Onavo will be Facebook's first R&D center in Israel

The social media giant will pay $150m-$200m for the Israeli mobile networking startup, according to industry sources.

Onavo, the Israeli startup that Facebook has agreed to acquire, will remain in Israel and become the social media giant's first-ever research and development center in the country, Onavo sources said.

Reprinted from the Israel High-Tech & Investment Report December 2013

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