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 Continue Reading

Israeli and Palestinean Startups Cooperate to Organize the TLV Tech Tour Across US Campuses

TLV tech tour 2010

Eight Israeli startups and one Palestinian startup decided to change that by creating their own “TLV TechTour” (dubbed TTT), where they will be hopping from campus to campus in the US to present their companies, discuss innovation and entrepreneurship and trends in technology in front of a real audience of students and faculty members (in the language of the announcement, if some investors drop by it “would be ok too”) Continue Reading