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Report: Skype Buys Into Mobile Streaming

Skype has reportedly acquired mobile video streaming technology provider Qik for about $100 million. According to Business Insider, Skype and Qik share influential startup investors Marc Andreessen and Ben Horowitz, which it assumes "helped get the deal done."

According to Qik, the company started the year with 600,000 users and ended with 5 million. "The huge bump came in large part thanks to partners like Sprint, T-Mobile, Nokia, and Samsung," Business Insider notes. "That makes the hero of today's deal a guy named Bob Rosin, the company's EVP of business and corporate development. He's the one who nailed down all those deals." Qik is also reportedly considered the best video streaming option for Google's Android mobile operating system. Other Qik investors include Quest Venture Partners and CampVentures.

Read the whole story at Business Insider »

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