Skype to Buy Messaging App GroupMe
Competition heats up in group messaging game
As the group messaging market heats up, Skype announced yesterday that it is buying GroupMe, a popular smartphone app that allows users to send texts and make conference calls with groups of friends.
GroupMe was founded in 2010 and has already raised $11.5 million from Lerer Ventures and other VC investors. Sources told The Wall Street Journal that Skype purchased the New York-based startup for about $80 million.
Skype’s latest acquisition will face some competition from Google, Facebook, and Apple, which are all also entering the group messaging arena with new apps designed to circumvent traditional texting (and possibly threaten its very existence).
“We think the mobile group messaging space is very important,” Skype CEO Tony Bates told the WSJ.
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