Nokia Pays Close To $100M For Photo Sharing’s Twango

Launched in October 2006 by Microsoft execs, photo sharing site Twango was today bought by Nokia for $96.8M. 21 Ventures and Garage Investors backed Twango. The Wall Street Journal reports that Nokia will launch a paid content addition to Twango’s ad supported model. Twango had launched wireless upload functionality before the deal.

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-18348416.htm