Skype Pays Around $85 Million for GroupMe

Monday Aug 22nd 2011 by Staff

With the purchase, Skype will gain group messaging technology.

AllThingsD: Skype has announced the purchase of GroupMe, a start-up founded in April 2010 at a TechCrunch event. Terms of the deal were not disclosed, but unnamed sources say the acquisition will cost Skype around $85 million.

GroupMe offers group messaging services that work on most smartphone platforms.

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