Facebook buys first Israeli start-up

21.03.2011                      15.Adar ll, 5771

Übernahme:

Facebook buys first Israeli start-up

Mobile phone app developer Snaptu confirms the acquisition, estimated to be between $60 and $70 million.

Facebook is buying its first Israeli start-up – Snaptu, a company that develops applications for lower tech mobile phones
Snaptu and Facebook confirmed the news yesterday afternoon after it was publicized by TheMarker. While they did not say how much Facebook would be paying for the acquisition, which is expected to be finalized within the next few weeks, market sources estimate that it's between $60 million and $70 million….