Facebook Buys Israeli Startup for $70 Million
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by News Editor
Snaptu Mobile Phone Home Page.
Business Times – The Israeli mobile app startup Snaptu has confirmed that it was bought by Facebook Inc. in a deal that reports in Israeli newspapers have pegged as worth up to $70 million, VentureBeat reports.
Financial details of the acquisition were not officially disclosed.
Facebook worked earlier this year with Snaptu on a mobile app for a range of feature phones.
