If this doesnt prove that technology companies are out of control i dont know what does.
Skype which is in the middle of being acquired by Microsoft — announced on August 21 that it is acquiring GroupMe.
GroupMe offers a messaging and conference call service, which it launched about a year ago. GroupMe officials referred to the service as “your real-life network,” and offers users a private chat room on their phones.
GroupMe enables users to chat within their groups while circumventing SMS (and thus, not reducing users’ SMS balances).
GroupMe allows users to have multiple “disposable” groups, and works on a variety of phones, including iPhones, Blackberries, Android phones and feature phones.
While Skype and GroupMe are not disclosing terms of the deal, estimates have the deal valued at more than $50 million.