Facebook acquires data-saving service Onavo to speed up its mobile apps

For more than three years, Onavo has plied its trade reducing internet costs for smartphone users. Facebook knows that data-shrinking is key to its founder's plan to connect the world, which is why it's bought the Israeli startup. Under Facebook's guidance, Onavo will work with members of the Internet.org coaltion to increase the efficiency and lower the cost of web access.

via Tech News Headlines - Yahoo! News http://www.engadget.com/2013/10/14/facebook-acquires-mobile-data-saving-service-onavo?ncid=txtlnkusaolp00000589