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Facebook Buys Snaptu for an Estimated $60 – $70 Million


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.
 
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