Wednesday, October 14, 2009

Nokia to Invest in Virtual Worlds

The Wall Street Journal today is reporting that Nokia Growth Partners, with $350 million under management, is actively looking to invest in virtual worlds. Reporting from the VentureWire Technology Showcase in Redwood City, Calif., today, the news service writes that Mary McDowell, executive vice president and chief development officer at Nokia, said the fund is "particularly interested in investing in start-ups innovating in payments and transactions, analytics and advertising, and gaming and virtual worlds."

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