Facebook boost web reach with Pryte acquisition

Facebook mission of connecting people in under-developed countries goes one step forward after partnering with wireless operators in certain countries to offer free access to its social network and building drones and satellites that will beam Internet access to remote regions of the world.

Pryte said the tie-up would "make an even greater impact by advancing the work we are doing in collaboration with Facebook's great team, working to further Internet.org's goal of making affordable internet access available to everyone in the world."

 

So far Facebook has acquired 10 companies with its largest acquisition being the purchase of WhatsApp, paying more than $40 per WhatsApp user. Most of the Facebook acquisitions have boon “Talent acquisitions”, in fact its CEO Mark Zuckerberg has stated that "We have not once bought a company for the company. We buy companies to get excellent people...

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