Breaking News
You are here: Home / All / Yahoo acquires messaging app Blink

Yahoo acquires messaging app Blink

Yahoo Inc has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender.

05.14.14_technewsrprt.com_yahoo

The deal, which Blink announced on its website, comes days after rival Snapchat settled charges with U.S. regulators that accused it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period. In its settlement with the Federal Trade Commission, the company is required to implement a comprehensive privacy program and submit to monitoring for the next 20 years. Snapchat reportedly rejected a $3 billion acquisition offer from Facebook, which turned around and spent $16 billion on WhatsApp.

Blink, which was launched in April 2013, said it will shut down its app for both iOS and Android platforms in coming weeks following the acquisition.

The terms of the transaction were not disclosed.

“We built Blink because we believe everyone should be free to show the same honesty and spontaneity in their online conversations as they can in person,” the company said. “We look forward to the possibilities that will come from bringing the Blink vision to Yahoo.”

Blink is a product of Meh Labs, a company founded by ex-Google employees Kevin Stephens and Michelle Norgan. Meh Labs is best known for its location-sharing app Kismet.

Yahoo was not immediately available for comment but it’s CEO Marissa Mayer has gone on record that her company is focusing a lot of its attention on mobile a move that has further been evidenced by the company’s efforts to build online services for the smartphones and tablets that consumers increasingly use to access the Web.

Yahoo has acquired several small, mobile start-ups since Mayer took over. The company has 430 million monthly users of its mobile products.

Mobile messaging apps have drawn buyer attention in the past year as large internet companies seek to capitalize on the appeal of free services offered through the apps, especially in emerging markets.

In February, Japanese e-commerce company Rakuten Inc bought Viber, a mobile app enabling free calls and messages, for $900 million.

Share on TwitterShare on FacebookShare on LinkedInPin it on PinterestSubmit to redditSubmit to StumbleUponShare on Tumblr

//

About admin

Profile photo of admin
Close
Please support the site
Let's connect on our social media pages

Facebook

Twitter

Google+

Skip to toolbar