Why Skype Bought GroupMe And Why It Isn't Enough

Skype, the Internet telephony company in the process of being acquired by Microsoft saysit’s buying year-old group messaging startup, GroupMe. The price tag, according to some estimates, is $85 million, though Skype and GroupMe have yet to confirm the deal terms. GroupMe, which has raised over $11 million in two rounds of venture funding, has 20 employees and is generally viewed as one of the more popular messaging applications for mobile phones.

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