Monday, August 22, 2011
Skype on Sunday said it has agreed to buy GroupMe, a New York-based provider of mobile group messaging services. Terms were not disclosed, although AllThingsD is reporting that deal is for $85 million. Skype itself, of course, has agreed to be acquired by Microsoft.
Skype said the deal “complements Skype’s leadership in voice and video communications by providing best in class text-based communications and innovative features that enable users to connect, share locations and photos and make plans with their closest ties.”
Investors in GroupMe include Khosla Ventures, First Round Capital, Betaworks, SV Angel, Lerer Ventures, General Catalyst Partners, and Founder Collective, as well as angel investors.
By: DocMemory
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