Russian Mobile Content Firm Playfon Buys Social Net

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Playfon, the major Russian mobile content player, has bought local mobile social networking service, for a reported deal value of about $5 million. is a mobile video and photo sharing community site, and was created in Denmark in 1999 as a tool to build WAP sites, according to the Quintura blog. Playfon operates in UK, Germany, Sweden, Russia, Ukraine, Kazakhstan and Baltic States.

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Payfon isn't as good as but its streng to see it has bough up a $5 mill :)

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