iSkoot, the company that powered Skype on the Skype Mobile phones originally, and which morphed more into a social networking player in mobile was acquired by Qualcomm today.
Reports are that the sale was in the $60 to 65 million dollar range for all the remaining assets of the company. If that's correct, the investors got at least a two to one return or better depending on when they invested unless there was a recapitaliztion just before the sale.
Comments