Nokia Corp. (NYSE: NOK-message board) has continued its advance into the Web 2.0 world of file sharing with the acquisition of Redmond-based social networking startup Twango . (See Nokia Acquires Twango.)

    Financial details were not disclosed, though The Wall Street Journal reported that the deal was set to be worth no more than €70 million (US$96.7 million).

    This isn't the first time Nokia has acquired a media sharing business based in the Seattle area: In August 2006 the mobile phone giant paid $60 million to buy wholesale music download services specialist Loudeye. (See Nokia to Buy Loudeye.)

    And in June, Nokia's private equity arm invested in online TV startup kyte.tv . (See Nokia Invests in Kyte.tv.)

    That investment and the Twango acquisition will feed into Nokia's planned Services and Software division, one of the company's three new business units that will begin operations on January 1 next year. (See Nokia Streamlines Structure and Nokia Reorganizes.)

    Twango, though, operatesin YouTube Inc. and MySpace territory, which is becoming increasingly crowded -- just check out how long the list of video sharing sites is on our sister site, Contentinople .

    Twango, founded in 2004,  which describes itself as "a free and fun place to share your photos, videos and audio," is a social networking site that allows its users to upload media files from fixed and mobile devices. Click on this link to get a snapshot of what Twango is all about.

    It launched in October 2006, boasting ease of use and the ability to support more than 110 file types. For example, users can add new files to their Twango "channel" by sending an email (with attachment) from a PC or mobile device to their Twango account. Twango is believed to have quite a small user base of a few tens of thousands.