New Gadget 2011

Skype has agreed to acquire GroupMe, a company that has developed a way to for a group of people to send messages to each across various smartphone platforms. People familiar with the transaction say Skype will pay around $85 million for the company, founded at a TechCruch 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 around $35 million. Skype is in the process of being acquired by Microsoft.
Read more �