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  Skype buys GroupMe group-texting service
Time: 11:41 EST/16:41 GMT | News Source: Los Angeles Times | Posted By: Robert Stein

Skype has acquired GroupMe, a New York-based group text messaging service for smartphones. The two companies announced the deal without saying just how much Skype was paying for GroupMe, but the website AllThingsD has reported that the price came in at about $85 million. GroupMe -- which can be used by way of SMS text message, or through apps on Apple's iOS, Google's Android and BlackBerry phones and Microsoft's Windows Phone 7 -- is just about a year old, started by Steve Martocci and Jared Hecht.

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