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TheMarker

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Snaptu, the app store for feature phones
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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds