Snaptu, the company that makes mobile apps for accessing web services by feature phone users, has been acquired by Facebook. Price was not disclosed, but TechCrunch believes the figure is somewhere in the $60 – $70 million range, though some other reports suggest an amount of around $40 million.
Facebook said it will use Snaptu’s technology to improve user experience on feature phones. Snaptu already provides mobile apps for accessing various web services, including Twitter, Picasa and most recently LinkedIn. It is a London-based company, with offices in Tel Aviv and Silicon Valley.
In a statement on its blog, Snaptu said: “We soon decided that working as part of the Facebook team offered the best opportunity to keep accelerating the pace of our product development. And joining Facebook means we can make an even bigger impact on the world.” We’ll see how that impact goes. 😉
The acquisition is set to close in a few weeks, subject to customary closing conditions.