Skype Pays Around $85 Million for GroupMe

Skype has agreed to acquire GroupMe, a company that has developed a way for groups of people to send messages to each across various smartphone platforms. People familiar with the transaction say Skype will pay around $85 million for GroupMe, which was founded at a TechCrunch event in April 2010. Early investors include First Round Capital, Lerer Ventures and Betaworks; last fall, Khosla Ventures won a bidding war for a $10 million funding round that valued the company at around $35 million. Skype is in the process of being acquired by Microsoft.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik