Skype To Acquire Qik (VIDEO)

01/07/2011 01:05 pm ET | Updated May 25, 2011

VoIP service Skype will acquire Qik, a mobile video and voice calling startup, for a reported $100 million, according to Boy Genius Report.

Skype CEO Tony Bates announced the acquisition in a blog and video post. Bates wrote,

I'm happy to announce that we've entered into a definitive agreement to acquire Qik, a provider of mobile video software and services that let people capture, instantly share and preserve great moments on video from anywhere. [...] Skype and Qik share a common purpose of enriching communications with video, and the acquisition of Qik will help to accelerate our leadership in video by adding recording, sharing and storing capabilities to our product portfolio.

Check out Bates's video announcement below.

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