Social networking goliath Facebook has acquired mobile application platform provider Snaptu, its partner on the Facebook for Feature Phones application launched earlier this year. Financial terms were not disclosed, although reports peg the acquisition price between $60 million and $70 million. Snaptu confirmed the deal on its blog, adding the acquisition is expected to close within a few weeks.

Facebook for Feature Phones launched in January, targeting international markets like India, Brazil, Singapore, Hong Kong and Mexico, and promises a user experience incorporating the platform’s most popular features. Supporting over 2,500 handsets, from manufacturers including Nokia, Sony Ericsson and LG Electronics, Facebook for Feature Phones includes an easier-to-navigate homescreen, contact synchronization and accelerated scrolling of photos and friend updates. Snaptu states it will be “working hard to offer a richer and more advanced Facebook app on virtually every mobile phone.”

Last week, Snaptu unveiled a new solution giving feature phone users on-the-go access to professional networking service LinkedIn. The Snaptu app enables LinkedIn users to view their update stream, gather “meeting intelligence” about customers and partners, and extend and accept network invitations. Users can also access connections to view how their networks have grown, identify mutual contacts and explore profile changes.

For more:
- read this Snaptu blog entry

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From www.fiercemobilecontent.com