Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million
VC Cafe
MARCH 20, 2011
In 2010 not "very smart" feature phones - handsets that are dumber than smartphones - comprised over 75 percent of the mobile market. with less competition and a large market, Snaptu has been able to generate revenues through mobile ads and operated a revenue share with its partners. source: [link].
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