Business Insider reports that internet phone giant Skype has acquired Qik, the service that lets you stream video from your smartphone, for around $100 million, a source tells us. Skype will probably announce the news this week at the Consumer Electronics Show in Las Vegas, this source says. We’ve reached out to Qik and Skype for confirmation but have not heard back. This is a reliable source, however, who has been correct about big acquisitions in the past.
Skype and Qik share a common purpose of enriching communications with video, and the acquisition of Qik will help to accelerate our leadership in video by adding recording, sharing and storing capabilities to our product portfolio.
Through this acquisition, we’ll also be able to take advantage of the engineering expertise that is behind Qik’s Smart Streaming technology, which optimizes video transmission over wireless networks.
Together, we’ll focus on providing great products that will allow people around the world to share experiences in real-time video across different platforms, as well as storing those moments so they can be viewed later