Skype Gobbles Up One Year Old GroupMe

Skype is going ahead with its proposed plan of acquiring the group messaging application maker GroupMe, the VoIP service provider announced on Sunday.

The company, however, refrained from disclosing the financial aspect of the deal. But according to various reports circulating around in the market, Skype is believed to have agreed to pay $80-$85 million for the acquisition.

Also, the company revealed that following the acquisition, GroupMe’s existing users will be added to the 175 million strong Skype user-base from all around the world.

GroupMe was founded only a year back in 2010, and ever since it has been known for the quality platform it provides whereupon users can send each other messages over mobile devices for absolutely free.

The company had successfully raised some $11.5 million fund from Vinod Khosla‘s Khosla Ventures, General Catalyst Partners and Leer Ventures.

“The group messaging space in general is one of the most important markets for Skype,” Skype CEO Tony Bates said in a statement to the Washington Post.

“GroupMe creates a very sticky instant feeling. Like Skype, it is an everyday interactive form of communication. Skype’s goal is to get to 1 billion users. Mobile is the place to do that,” he added.