Zyb, which someone mentioned here as a company having some developers in
Islamabad, got acquired by Vodafone for 31.5 million euros.

From TechCrunch:<http://www.techcrunch.com/2008/05/16/danish-mobile-social-network-zyb...>

ZYB <http://www.zyb.com/>, a mobile social network that we gave high marks
to in August 2007<http://www.techcrunch.com/2007/08/21/zyb-the-mobile-social-network/>,
has been acquired by Vodafone for €31.5 million, or about $50 million. The
company had raised just €3 million
<http://www.crunchbase.com/company/zyb>in venture capital.

ZYB was smart in how they built their service. At first they were a simple
address book backup-to-web service. But they realized they had a very
complete social graph from the data (who's closer to you than the people you
call frequently on your mobile phone)? So they launched a mobile social
network<http://www.techcrunch.com/2007/08/21/zyb-the-mobile-social-network/>on
the back of the original service.

We've continued to write about ZYB in
comparison<http://www.techcrunch.com/2007/08/24/mocospace-has-strong-growth-race...>to
competing<http://www.techcrunch.com/2007/09/11/the-holy-grail-for-mobile-social...>mobile
social
networks<http://www.techcrunch.com/2007/12/06/limejuices-mobile-social-network...>(an
area we've taken a special
interest<http://www.techcrunch.com/2008/02/23/will-there-be-an-iphone-only-soc...>in).
Last month. ZYB
acquired <http://www.techcrunch.com/2008/04/22/confirmed-zyb-bought-imity/>one
of those competitors, Imity.