Added: Moishe Shoffner - Date: 19.08.2021 02:25 - Views: 11521 - Clicks: 8600
After a tumultuous few weeksthe Kik app has officially been acquired by US-based holding company MediaLab.
Terms of the deal were not disclosed. Kik made the announcement in a blog poststating that a deal had been made between Kik Interactive and MediaLab to acquire the Kik Messenger app. The news comes just one day before the app was set to shut down.
The blog post noted that MediaLab plans to keep the app alive and also outlines ideas it has to improve the app moving forward. It is noted that the acquiring company plans to partner with Kik CEO Ted Livingston and the remaining 19 team members and is still dedicated to expanding the Kin integration. Nine years ago Kik went live.
Since then hundreds of millions of people have had billions of meaningful conversations. I am excited that our amazing users will continue to have a great home, and that Kik will continue to grow and evolve as a pillar of the Kin Ecosystem. Kik is one of those amazing places that brings us back to those early aspirations. MediaLab is a Santa Monica-based holding company that was founded in MediaLab stated that it has a long term commitment to Kik and seeing the app succeed, but also noted the urgent need to cover expenses.
The blog post stated that in the coming weeks will be introduced to Kik Messenger. The decision to bring in to the messenger app is something Livingston had spoken out against in years past and one of the stated reasons for moving into the toronto kik space in order to monetize.
Other changes MediaLab plans to make to the app include pulling back features it said were not optimized. Livingston told BetaKit at the time that Kik worked hard to find the win-win. Home Close Menu. October 17 BetaKit has reached out to Kik for comment. Tweets by startuphereTO.
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