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Wednesday, May 14, 2014
Yahoo Buys Mobile Messaging App Blink

Yahoo has acquired mobile messaging startup Blink. The app lets users send messages that self-destruct and control who sees their messages and for how long.

The terms of the transaction were not disclosed.

As part of the deal with Yahoo, Blink will be shutting down its app for both the iOS and Android platforms in the coming weeks.

The deal comes just days after messaging startup Snapchat settled charges with U.S. regulators that accused it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period of time.

Snapchat received a $3 billion buyout offer from Facebook late last year, which the startup rejected. Facebook eventually acquired Whatsapp for $19 billion.

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