Consolidation in the social networks and video sharing space continues with news that start-up Twango has been acquired by Nokia, just nine months after its launch.
Nokia was said to be drawn by the ease-of-use of Twango’s mobile interface.
“The Twango acquisition is a concrete step towards our consumer Internet services vision of providing seamless access to information, entertainment, and social networks – at any time, anywhere, from any connected device, in any way that you choose. We have the most complete suite of connected multimedia experiences including music, navigation, games, and – with the Twango acquisition – photos, videos, and a variety of document types,” said Anssi Vanjoki, Executive Vice President and General Manager, Multimedia, Nokia.
“When you combine a Nokia N-series multimedia computer that is always on, always connected, and always with you together with a rich media sharing destination like Twango, people will have exciting new ways to create and enjoy rich media experiences in real time.”
Terms of the deal weren’t disclosed, though the Seattle Post-Intelligencer points to a Wall Street Journal report suggesting that the price tag was “less than [US] $96 million”.