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Facebook Acquires App Maker, Snaptu

10:50 am on Mar 21, 2011 (gmt 0)

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Facebook Acquires App Maker, Snaptu [news.cnet.com]

Facebook has agreed to acquire Snaptu, an Israeli start-up that makes apps for feature phones, for an estimated $70 million.

Facebook recently worked with the mobile development firm to build an app for lower-end cell phones that will be accessible free of data charges in a handful of overseas markets. The company says its app provides a smartphone-like experience to more than 2,500 devices.

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