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This article was published on January 6, 2011

Skype acquires Qik, a video streaming service for a rumored $150 million

Skype acquires Qik, a video streaming service for a rumored $150 million
Courtney Boyd Myers
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Courtney Boyd Myers

Courtney Boyd Myers is the founder of audience.io, a transatlantic company designed to help New York and London based technology startups gr Courtney Boyd Myers is the founder of audience.io, a transatlantic company designed to help New York and London based technology startups grow internationally. Previously, she was the Features Editor and East Coast Editor of TNW covering New York City startups and digital innovation. She loves magnets + reading on a Kindle. You can follow her on Facebook, Twitter @CBM and .

Today at CES in Las Vegas, Skype officially announced that it’s buying up Qik, a video streaming service for a rumored $100-150 million, as first reported by Business Insider. With the acquisition, Skype kills a competitor, picks up another 5 million users, a ton of mobile power and Qik’s 60 employees.

Qik’s socially grounded mobile video service offers two-way live video calls and the ability to record and share videos via e-mail, text, Twitter, Facebook, YouTube and other similar platforms. Qik is currently available on over 200 mobile phones across the Android, iPhone, Symbian, Blackberry and Windows Mobile platforms, and comes pre-loaded on numerous mobile handsets. Its technology (and talent) will surely expand Skype’s already vibrant video platform as it moves into the mobile space.

Marc Andreessen and Ben Horowitz both sit on the boards at Skype and Qik, and it’s been suggested that this alliance facilitated the deal. Qik is headquartered in Redwood City, California and has an office in Moscow, Russia. Details behind the transaction are sparse but the acquisition is expected to close in January 2011.