Facebook Acquires SNAPTU For $70 million
Facebook has acquired the mobile app development, deployment and maintenance company SNAPTU for $70 million. Confirmed: Facebook Acquires Snaptu (For An Estimated $60 - $70 Million) • TechCrunchbroke the story.
Facebook had partnered with SNAPTU few months ago to develop rich applications for the smart phones. It's important to note that SNAPTU had recently partnered with LinkedIn for similar app development.
The company has raised over $6 million in venture funds from leading VC firms.
SNAPTU's acquisition is FB's first ever international acquisition.
Facebook had partnered with SNAPTU few months ago to develop rich applications for the smart phones. It's important to note that SNAPTU had recently partnered with LinkedIn for similar app development.
The company has raised over $6 million in venture funds from leading VC firms.
SNAPTU's acquisition is FB's first ever international acquisition.
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