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June 9, 2026 Weekly insights on Israeli tech, venture capital, and AI

Tag Acquisition

Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Snaptu, the app store for feature phones

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds

Weekend Reads: from Innovation to Recession

How Yahoo’s Latest Acquisition Stole & Broke My Heart   [the flip side of Dapper’s acquisition by RWW] Venture Funding Shrinks Leaving Scores of ‘Walking Dead’ Firms  [founding firms are down, but IPOs might be coming back] Is the Valley Falling…