Nokia looks to be branching out beyond mobile handsets, reported the Wall Street Journal. Nokia Corp. announced yesterday that it had bought online photo- and video-sharing start-up Twango. The exact size of the deal wasn’t disclosed, but the Journal reported that it was likely less than $100 million.
Five former Microsoft senior managers founded Twango in 2004, and the company currently has 10 employees. Nokia will likely rebrand the Twango service and plans to add this software into future phones, while still supporting the rival Flickr service for photo sharing.
Nokia Extends Web Push With Twango Purchase [Wall Street Journal]