Tel Aviv-Based Onavo Acquired By Facebook For A Reported $100-200M Price Tag

October 14, 2013 | Onavo, the Tel Aviv-based mobile analytics company, has just announced that it has been acquired by Facebook. Onavo will become the hub for Facebook in Israel — its first location in Israel. The exact terms of the deal have not yet been divulged. So far reports are indicating that Facebook shelled out between $100 million and $200 million. Onavo’s many apps help mobile phone users understand their data usage, reduce data costs and reduce battery life.They also have an analytics business for mobile publishers to chart how well its apps are performing, and to chart that against apps of its competitors. It has so far raised $13 million in venture funding from investors including Horizons Ventures, Sequoia, Motorola and Magma Venture Partners. For the full Onavo story and details, click here.