Nokia Extends Web Push With Twango Purchase -

Nokia Extends Web Push With Twango Purchase - "Nokia Corp. plans to announce today that it has bought an online photo- and video-sharing start-up in the latest of a series of acquisitions to expand beyond cellphones into Internet-related services in search of new sources of revenue.

The world's largest maker of cellphones by sales and market share is acquiring Twango Inc., a closely held Redmond, Wash., media-sharing Web site. The exact size of the deal isn't clear, but it is expected to be less than €70 million ($96.8 million), a person familiar with the matter said.
[Olli-Pekka Kallasvuo]

Amid increasing handset competition, Nokia Chief Executive Olli-Pekka Kallasvuo is trying to develop new revenue streams such as music downloading and mapping. Since taking the helm last year, he has acquired two other software companies: digital-music distributor Loudeye for $60 million and a small German navigation-software company called gate5 for an undisclosed price."

Helge: Nokia wants to merge social media into mobile devices. That's a great idea. Sharing pictures and videos is a big deal in Web 2.0 evolution.
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