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Nokia Buys Location-Aware Social 'Net Firm

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HELSINKI (Reuters) - The world's top cellphone maker Nokia said on Monday it has agreed to buy social networking start-up Plazes as part of its major push into offering Internet services.

Plazes (http://www.plazes.com/) provides location-aware services that people can use to plan, record, and share their social activities.

Nokia did not disclose the value of the deal.

“This acquisition helps Nokia to accelerate its vision of bringing people and places closer together, in line with our broader services strategy," Niklas Savander, the head of Nokia's Internet services, said in a statement.

Companies such as Plazes are trying to tap into the potential for new services as more mobile phones get equipped with technology to pinpoint their location.

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This story appears courtesy of PC Magazine.
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