As phone makers struggle to compete with Apple’s App store, Nokia has taken to buying web sites with the announcement that they have acquired Dopplr, a social network for travellers.
The deal is the latest acquisition for the world’s top #1 mobile phone maker who is struggling to hold onto market share up against the likes of Apple Research In Motion and several Smartphone makers.
Now the European phone Company is moving into internet services as it seeks new growth areas outside the maturing handset market.
Nokia said it would continue to run Dopplr separately from its current services offering. Nokia bought the company from private shareholders. Dopplr was co-founded and led by Marko Ahtisaari, who used to work at Nokia and is the son of Nobel Peace Prize winner Martti Ahtisaari.
A Nokia spokeswoman told Reuters the price “was a fraction” of the $22.0 million estimate mentioned in reports.