Nokia buy photo-sharing site Twango

Link: Nokia to buy photo-sharing site Twango | Technology | Internet | Reuters

Nokia have been splashing the cash, this time on little-known photo sharing social networking site Twango.

The deal, for an undisclosed sum, is part of a plan by Nokia to strengthen its presence in the fast growing mobile multimedia arena.

“The Twango acquisition is a concrete step towards our Internet services vision of providing seamless access to information, entertainment, and social networks,” Anssi Vanjoki, head of Nokia’s multimedia unit said in a statement.

“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,” he said.

Although Twango was founded in 2004, stats from Hitwise, Quancast and Alexa show it gets hardly any traffic compared to sites like YouTube, PhotoBucket or Flickr. What Nokia will do with their acquisition is anyones guess – but the logical money is on tight integration with their multimedia-compatible handsets.