Facebook has acquired the Israeli startup Snaptu. The company hopes to close the deal within the next few weeks. Facebook seems to have bought Snaptu for an estimated $70 million. Snaptu brings the world of smartphone application to those who don’t actually own a smartphone. It’s applications allow users to access their social media accounts on LinkedIn, Twitter, Facebook etc. on their Java enable feature phones. Facebook had earlier started collaborating with Snaptu on making a feature phone application for Facebook that would provide an enhanced smartphone-like experience to the end users.
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