Facebook Acquires Snaptu


Moblica, an Israeli startup that makes a multi-purpose social media mobile app called Snaptu, said in a blog post Sunday that it has agreed to be purchased by Palo Alto, CA-based Facebook. Snaptu, designed for Java-enabled feature phones, allows users to connect to Twitter, Facebook, Picasa, RSS Feeds, Accuweather, and a catalogue of other information sources. Moblica had raised about $10 million in venture funding from Sequoia Capital, Carmel Ventures, and other investors, according to a report in Dow Jones VentureWire. The terms of the acquisition were not disclosed.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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