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Skype buys Qik in $100 million deal


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Skype said Thursday that it had acquired streaming video service Qik for an undisclosed amount, believed to be around $100 million USD. The VoIP provider says it plans to use Qik's technology to enhance its own video calling functionality.

Qik was founded in 2006 and is compatible with about 200 phones across several platforms including the iOS, Android, Blackberry, Symbian, and Windows Mobile platforms. The company has also struck several partnerships to have its applications come preloaded on select devices.

The concept is simple: the user shoots video with his or her camera phone, which is then uploaded to Qik's servers and delivered in near real time via the company's website. The user also has the option to share the video via social networking.

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