Acquisitions

The Agony, the Ecstasy, and the Karaoke: Twitter Reactions to the GroupMe/Skype Acquisition

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When the news broke yesterday evening that Skype acquired hometown start-up GroupMe, New York’s digerati took the party to Twitter. Indeed the acquisition and its hefty price tag, which Betabeat’s sources pegged between $50 million and $100 million, caused such a stir among a certain swath of tech circles that “GroupMe” even made into a New York City Twitter trending topic last night–albeit below penetrating questions plaguing tweeters such as, “Chris Brown OR Justin Bieber.”

The deal was the first major exit for Lerer Ventures, Thrive Capital and BoxGroup’s David Tisch, so much of the tweeting action consisted of ebullient pats on the back. But a few notes of skepticism arose from the din. In case you were too busy watching Libyan rebels end a 40-year dictatorship, here’s what you missed. Read More