Yahoo Acquires SnapChat’s Competitor App Blink! In A New Deal
In a new deal announced on Blink's website, the company confirmed that Yahoo is buying the “self-destruct” messaging app that's considered to be SnapChat's competitor.
Launched in April 2013, the app works works similarly to SnapChat by erasing images that users send each other in private messages, although it never seemed to gain the popularity or momentum of its competitor. The company behind Blink, Meh Labs, announced that it would be shutting down the app for both iOS and Android users in the wake of the new acquisition, but no word yet from Yahoo on the future of the app. There will be more to come for the app, though, implies the Blink team.
We look forward to the possibilities that will come from bringing the Blink vision to Yahoo,” the company said in its blog post.
We can’t begin to express how grateful we are for your support throughout this journey. We hope you stick with us through the next chapter.”
VentureBeat reports that Yahoo bought more U.S. tech companies than any other company in 2013, with 22 acquisitions. according to a recent report. Although some of those companies, such as GoPollGo, MileWise and Summly, have since shut down, others like Tumblr an Astrid are going strong.
What could Yahoo be up to with all these mysterious acquisitions? Perhaps Google and Apple have another thing coming if they think that the underdog is going to be quiet for much longer in the race to the top spot. We'll just have to wait and see what Yahoo has up its sleeve in the coming year.