Thursday, 30 October 2014 - 11:41
Nimbuzz app valued at $250m in new deal
The British company New Call has bought 70 percent of the originally Dutch app Nimbuzz. According to Techcrunch, New Call will pay $175 million for the majority stake in the company. The entire company is valued at $250 million. Nimbuzz was founded in 2006 by Evert Jaap Lugt. The app quickly became popular in India and other Asian countries. In 2012 the headquarters were moved to New Delhi and Lugt stepped down as CEO. Nimbuzz is now available on all mobile platforms, PC and Mac. Users of the app can chat with each other and make calls via the internet, but it is also possible to call land line and cell phone numbers. According to Techcrunch, Nimbuzz expects to be profitable from the 4th quarter of this year through revenues from internet calling, advertising and digital stickers. The app has more than 200 million users.