Facebook pays $100M to buy Israeli tech company

Facebook has purchased Onavo, an Israeli data-compression and mobile-analytics company, for more than $100 million. The move will give Facebook a research base in Israel, and is expected to help its mobile expansion. "We expect Onavo's data compression technology to play a central role in our mission to connect more people to the Internet, and their analytic tools will help us provide better, more efficient mobile products," an unidentified Facebook spokesman said.

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New York Times (tiered subscription model), The · Ha'aretz (Tel Aviv, Israel)

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