Location based Social Network Plazes bought out by Nokia

With Nokia still surfing in towards acquiring more space in the social media that include Twango, Enpocket, Loudeye and a big buy off, of a mapping company Navteq; Nokia has furthered its approach by buying out Berlin-Zurich based Social networking service, Plazes. Though there has been no disclosure of what the terms and conditions of the deal could be.

Plazes was founded in December 2005 with initial funding from Esther Dyson and Marc Andreesen and had successfully raised from Doughty Hanson Tech Ventures worth $3.5 million and has 13 employees. The network provides location based social-activity, which can be used by people to share, record their day to day s social activities.

Nokia plans at integrating its services into its own mobile devices and Plazes considers the deal to be perfect as Nokia shares the same vision as their product with the power to bring a soothing presence to the millions of users Nokia has worldwide.

[via Plazes Blog]

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