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Nokia to buy Plazes

Nokia has acquired Plazes, a location-based social networking service, as part of its continuing effort to work out what kind of business it wants to be in.

Plazes is a social-networking-service for anyone who wants to share where they are as well as what they're doing. Niklas Savander, Head of Nokia Services & Software said in a statement: "In addition to the key assets, through this acquisition Nokia will bring on a visionary team with an advanced understanding of social-activity services, as well as the technical ability to further develop this area."

The Finnish giant isn't saying how much it's paying for Plazes.

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