GroupMe acquired by Skype
Posted by Andru Edwards Categories: Acquisitions, Corporate News, Funding, Mobile,
Skype might still be in a holding pattern from Microsoft's May announcement that it was acquiring the company for $8.5 billion, but that hasn't stopped Skype from picking up a brand-new purchase of its own. The company announced today that it is planning to acquire GroupMe, a group text messaging and conference calling service that's just a year and change into its existence.
The actual cost of the acquisition and other terms of the transaction won't be disclosed, according to Skype's announcement.
"The acquisition of GroupMe 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 tie," reads Skype's statement.
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