Facebook to buy mobile app developer Snaptu

Facebook has agreed to buy Snaptu, an application developer for mobile devices that are less sophisticated than smartphones, as the world's largest Internet social network focuses on expanding its mobile services.

Snaptu, founded in 2007, develops applications for feature phones, which have fewer capabilities than smartphones. The company helped develop a feature phone Facebook app earlier this year.

Facebook will pay up to $70 million for the London-based Snaptu. The deal is expected to close in a few weeks.

Facebook spokesman Jonny Thaw declined to comment on the deal's terms, but said in an email, "As part of Facebook, Snaptu's team and technology will enable us to deliver an even better mobile experience."

ORIGINAL SOURCE