Skype has acquired the mobile video streaming startup, Qik. Earlier, the acquisition price was reported to be around $100 million, but BI has confirmed it to be $150 million with an earnout.
Qik has been a very strong mobile player and has a huge presence in the mobile video streaming and sharing segment. It has close to 5 million users and is available on multiple platforms including Android, iPhone, Symbian, Windows Mobile and Blackberry.
Through this acquisition, Skype hopes to “leverage the engineering expertise that is behind Qik’s technology, which optimizes video transmission over wireless networks”. The acquisition of Qik will “accelerate Skype’s leadership in video by adding recording, sharing and storing capabilities to Skype’s product portfolio”.
Check out the official press release by Skype.