Monday, August 22, 2011

GroupMe, Group Calling Service To Be Acquired By Skype.

GroupMe, To Be Acquired By Skype
A year old GroupMe, which was born at a Techcrunch Hackathon, has become the target of acquisition by Skype.
Pricing and the terms of acqisition was not revealed but GroupMe got $850,000 in round one funding and later $10.6 Million from Khosla Ventures, General Catalyst and previous investors. Skype CEO Tony Bates have indicated the GroupMe acquisition was in the talks even before the Microsft's interest on Skype. (The Skype Microsoft deal is still pending)
"“The group messaging space in general is one of the most important markets for Skype, GroupMe creates a very sticky instant feeling. Like Skype, it is an everyday interactive form of communication. Skype’s goal is to get to 1 billion users. Mobile is the place to do that.”" told TechCrunch


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