J. Michael Arrington (born March 13, 1970, in Huntington Beach, California) is a serial entrepreneur and founder of TechCrunch, covering startups and technology news blog. Arrington attended from Claremont McKenna College (Bachelor of Economics, 1992 year) and Stanford Faculty (JD, 1995) and practiced as a lawyer in corporate and securities at the two law firms: & he rejoined O'Melveny Myers and Wilson Sonsini Goodrich ... ? Read More
On Sunday we broke the news that Skype acquires GroupMe group service messaging. We didn't know was the price, and neither company disclosed any of the terms of the deal that will remain a separate brand GroupMe now, and the team will be in New York.
Widespread reports said Skype paid-summer company as $ 85 million. We have heard this number is rather high and includes earnout or deferred payments. What is the real price?
Our sources close to the company say GroupMe downpayment for 43 million dollars, the United States and delayed payment (or earnout) can get GroupMe shareholders as much as $ 68 million over four years. The founders will receive several million dollars as part of their long-term agreements employmetn.
Why the difference? Have no idea. But I have a high degree of confidence, Skype will be paying somewhere between $ 43 million and $ 68 million GroupMe. That is one heck of a win for founders and investors who put $ 11.5 million in the company.
As an aside when we add the estimated purchase price of CrunchBase, we usually put in more, instead of the whole. I like to be optimistic, and we can always change it down later if new information becomes available.
Skype is a software application that allows users to make voice and video calls and chats over the Internet. Calls to other Skype users free service ...
Read MoreGroupMe is a group of messaging and Conference calling service that allows you to stay in touch with groups of people through mobile phones. This is a free service that allows users ...
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