Sunday, 20 March 2011

Facebook to buy mobile app developer Snaptu

Facebook has agreed to buy Snaptu, 
an application developer for mobile devices
that are less sophisticated than smartphones, as the world s largest Internet social network focuses on expanding its mobile services.

Facebook will pay up to $70 million for the London-based Snaptu, according to the Israeli newspapers Calcalist and The Marker. Snaptu confirmed the deal, which is expected to close in a few weeks, on its website on Sunday. Snaptu, founded in 2007, develops applications for feature phones, which have fewer capabilities than smartphones. The company helped develop a feature phone Facebook app earlier this year.
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