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Read more with google mobile : Facebook to buy mobile app developer Snaptu |

Edition: U.S. Article Comments (0) Follow Reuters Facebook to buy mobile app developer Snaptu Tweet Share this NEW YORK (Reuters) - 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... Email Print Related News Angry Birds developer takes aims at New York IPO Fri, Mar 18 2011 NY Times risks losing readers with new pay model Thu, Mar 17 2011 Cellphones give hotel guests the upper hand Wed, Mar 16 2011 Special report: A PlayBook for fighting Apple and Google Wed, Mar 16 2011 Beyond Apple, ETF offers smart phone options Tue, Mar 15 2011 Analysis & Opinion Firefox 4 rounds out action-packed web browser season Tech wrap: Nokia starts work on Windows phone Related Topics Technology » Deals » Inflows Outflows » Facebook » Stocks The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. Credit: Reuters/Robert Galbraith NEW YORK | Sun Mar 20, 2011 5:00pm EDT NEW YORK (Reuters) - 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. Facebook spokesman Jonny Thaw declined to comment on the deal's terms, but said in an email, "As part of Facebook, Snaptu's team and technology will enable us to deliver an even better mobile experience." The site has been increasingly focusing on building up its mobile phone services for its 500-million-plus member online social network, and is in the market for more deals. Last week, Facebook said it had hired a member of Google Inc's corporate development team to lead its fledgling merger and acquisition efforts. 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. (Reporting by Maria Aspan; Editing by Marguerita Choy) Technology Deals Inflows Outflows Facebook Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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