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March 20, 2011 02:44 pm GMT
According to several Israeli business newspapers (TheMarker, Calcalist) Facebook has acquired Snaptu for an estimated $60 - $70 million, although some reports peg the price lower, at around $40 million.Update: a Snaptu executive has confirmed the acquisition to our friend Orli Yakuel, but declined to discuss the purchase price or other terms of the deal.Update 2: and the confirmation is up on Snaptu's blog. The acquisition is apparently expected to close within a few weeks.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/u7xZQ2uU5fE/
Confirmed: Facebook Acquires Snaptu (For An Estimated $60 "" $70 Million)
According to several Israeli business newspapers (TheMarker, Calcalist) Facebook has acquired Snaptu for an estimated $60 - $70 million, although some reports peg the price lower, at around $40 million.Update: a Snaptu executive has confirmed the acquisition to our friend Orli Yakuel, but declined to discuss the purchase price or other terms of the deal.Update 2: and the confirmation is up on Snaptu's blog. The acquisition is apparently expected to close within a few weeks.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/u7xZQ2uU5fE/
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