One of the leading social networking websites operating in the world Facebook that boasts of 500 million members has been reported as seeking to tighten their grip over the 5 billion plus world mobile phone market with the taking over of Snaptu the mobile specialist.

A service, which converts social networking websites such as Twitter, Linkedln and Facebook to be conveniently available on feature mobile phones. The feature phones refer to the mobile phones other than smartphones that account for over 80 per cent of phones sold across the world.

According to the company operating with London as its base and offices in Tel Aviv and the Silicon Valley in the United States, the deal was anticipated for a completion in a few weeks' time. Although the firm has hardly given the financial details of the acquisition, it has been reported by Israeli news as valuing between dollar 40 million and dollar 70 million.

It was revealed by Facebook that technology and team of Snaptu could, being part of the firm, be also to roll out an improved mobile experience, and more quickly on the feature mobile phones.

It is noteworthy that Facebook has been delivered to feature mobile phones mobile applications by Snaptu in January. The service had been designed to function with over 2,500 various handsets.