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Skype Expands By Planning to Buy GroupMe

23 Aug 2011 12:00 AM | Anonymous

Skype has said that it plans to buy GroupMe, which provides group text messaging and calling. Privately held Skype did not say how much it will pay, but The Wall Street Journal reported that people familiar with the deal said the price tag is about $85 million.

Luxembourg-based Skype was founded in 2003, essentially as a way to make phone calls via the Internet. It is now looking to reach people on multiple platforms, and recently introduced group video and bought a mobile video provider called Qik. GroupMe was founded last year at a gathering called the TechCrunch Disrupt Hackathon.

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