Rocco Penn A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.

Yahoo has picked up the MessageMe app

39 sec read

First, instant messengers were hot property; then they were out-dated and dull. Now they’ve come full circle again, promising flexible, real-time communication that the big social networks can’t compete with. Facebook splashed out on WhatsApp, Google is rumored to be building yet another IM platform, and now Yahoo has picked up the MessageMe app.

As Re/code reported that it might earlier this week, sources said that Yahoo is poised to buy MessageMe, the messaging service that has had its share of troubles of late with its product and also growth. If the transaction is completed, it will be yet another small mobile company that the Silicon Valley Internet giant has scooped up. In fact, Yahoo seems to have become the de facto savior of startups in distress or, perhaps, the new dumb money for venture capitalists in need of getting out of investments. In a post about the departure of MessageMe COO Ali Rosenthal, Re/code reported that Yahoo was mulling the acquisition of MessageMe, which has raised about $12 million. TechCrunch reported on the news of the deal today, too.

Source
Avatar of Rocco Penn
Rocco Penn A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.

Apple is purging hundreds of thousands of apps from…

It may be the end of summer, but that isn’t stopping Apple from doing a bit of spring cleaning. Tomorrow, coinciding with the launch...
Avatar of Alfie Joshua Alfie Joshua
1 min read

This app let’s you buy the food that restaurants…

Just because it’s not fresh doesn’t mean it’s not edible. For people willing to eat food that’s old, but not too old, a new...
Avatar of Brian Molidor Brian Molidor
1 min read

Verizon has acquired Yahoo’s core business for $4.8 billion

Marissa Mayer has laid off thousands of Yahoo employees over the last four years, all in an effort to turn things around for the company....
Avatar of Brian Molidor Brian Molidor
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *