Nokia buys social networking site Plazes

clipped from www.reuters.com Nokia buys social networking site Plazes 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. To achieve new growth as the cellphone business is set to mature in coming years Nokia started to invest heavily in building up its presence in Internet service. It has offered $8.1 billion for U.S. digital maps firm Navteq — a cornerstone of its services push — and has said it would invest millions more this year and next.