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Skype Acquires GroupMe Whilst Being Acquired by Microsoft

Gadgehit writes: "Skype has entered into an agreement to acquire the year-old GroupMe business, whilst it itself is being acquired by Microsoft for $8.5 billion. The terms of the agreement were not disclosed, but the amount that Skype is paying for this acquisition is reportedly around $85 million."

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Community3590d ago
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gaffyh3592d ago

They've way over-valued them, I'm sure it was something that Skype could have developed themselves, especially when they had Skypecast and then removed it.

lalalala3590d ago

Where did they analyst get the 85 mil number from? Seems a little far-fetched.

webaddict3590d ago

Haha, such an insestual relationship all these companies have.