Tuesday, July 24, 2007

Nokia Acquires Twango

Twango, operators of the social media-sharing Web site, Twango.com, announced today that it has been acquired by Finnish mobile phone manufacturer Nokia. Terms of the transaction were not disclosed. Headquartered in Redmond, Wash., Twango was founded by former Microsoft employees. By acquiring Twango, Nokia will be able to offer users a way to share multimedia content through their desktop and mobile devices, Twango said. Twango's service allows users to share more than 110 types of files, including pictures, videos, audio clips and various documents. Nokia is based in Espoo, Finland.