ShareThis Lands Acquisition, $23 Million Funding Round to Boost Mobile Business

Picks up in-app sharing platform Socialize

As just about every company at the intersection of advertising and technology races to establish or advance its mobile business, social sharing platform ShareThis has quickened its pace with overlapping moves.

The company has raised a $23 million funding round led by European telecommunications giant Deutsche Telekom’s investment arm T-Ventures. That move adds mobile expertise to ShareThis’s board and will help pay for its acquisition of Socialize, a platform for developers to add social features to their mobile apps.

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