Facebook Acquires Feature Phone App Maker Snaptu

Krystalo writes "Facebook has agreed to acquire Snaptu, an Israeli startup that makes Java-based feature phone apps, for an estimated $70 million. The acquisition, for which neither company would reveal financial details, is expected to close within a few weeks. Earlier this year, Facebook worked with the mobile development firm to build a feature phone app that is accessible free of data charges in various overseas markets. The company says the Facebook for Feature Phones app currently works on more than 2,500 devices."