Facebook Reportedly Acquires Snaptu For An Estimated $60 – $70 Million
According to several Israeli business newspapers (TheMarker, Calcalist) Facebook has acquired Snaptu for an estimated $60 – $70 million, although some reports peg the price lower, at around $40 million.
Snaptu provides a solution for developing, deploying and maintaining online services, particularly on mobile phones. Just a few months ago, Facebook partnered with the company to launch a rich application specifically for feature phones.
Snaptu was founded in 2007 and is based in London, with offices in Tel Aviv and Silicon Valley.
We’re trying to confirm the deal with both Snaptu and Facebook, but obviously the timing of the reports aren’t ideal for that to happen quickly – it’s the middle of Saturday night in the United States.
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