Tuesday, July 24, 2007

Nokia Buys Social Media Site Twango For About $100 Million; Porting To Mobile

Unhealthily Obsessed with Mobile Content - Nokia Buys Social Media Site Twango For About $100 Million; Porting To Mobile: "Twango, a small social media site based in Redmond, WA (which we have been using to upload and share the audio interviews we do here), has been bought by Nokia, for a reported sum of about $96.8 million, WSJ reports. The site allows users to share online audio, video, text, photos and other kinds of files, an all-in-one file sharing service. It was founded in 2004 by five former Microsoft senior managers and has 10 employees. Nokia is likely to rebrand the Twango service and incorporate software into its phones to ease sending content between phones and online.

This is Nokia’s third digital media related acquisition in the last year since Nokia CEO Olli-Pekka Kallasvuo took charge: digital-music distributor Loudeye for $60 million and a small German navigation-software company called gate5 for an undisclosed price. Nokia has existing media sharing tieups with Flickr and SixApart’s Vox,, but it plans to continue these relationships in order to provide choice for customers."

Helge: Soical Media is well suited for mobile devices. I think Jaiku could be a great service for Nokia. Jaiku has a Finnish origin.
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