Nokia Buys Twango to Offer Multimedia Sharing Service

Helsinki (Finland) - Nokia Oyj, the world’s biggest mobile-phone maker, acquired Twango of the U.S. to add photo and video sharing services on mobile phones.

Nokia bought "substantially all assets" of Twango, the Espoo, Finland-based company said in a statement distributed by Hugin newswire statement today. No purchase price was disclosed.

The mobile-phone company plans to reorganize its device business into three units from next year, bringing new products and services to the market faster as demand for wireless Internet rises. The purchase will give Nokia a platform for users to store and share photos, videos and audio taken with mobile devices.

More here at Bloomberg...

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