Kik Sells Messaging app to Medialab

Global Exchange- MediaLab, a holding company that owns companies like Whisper and DatPiff, announced that it has acquired Kik, the messaging app. Kik sells messaging app to Medialab.

In a blog post, the company said it is committed to continuing developing Kik Messenger. It also mentioned that it has plans to make the app faster and more reliable.

MediaLab said:

“We are fans of Kin and believe in its long term potential. We are excited to further partner with Ted and his team on expanding the Kin integration and have plans to support the project further. We’ll have more to share on that front soon.“

“We believe that Kik’s best days remain ahead of it,” the blog said. The firm also said that it would eradicate spambots and unwanted messages.

With regards to the work on Kik’s native Kin (KIN) token, the company does not provide many details. MediaLab said it sees the token project’s long-term potential and will continue working on Kin with Ted Livingston, founder and CEO of Kik.

Kik earlier announced that it would shut down the app along with firing a few employees- Global exchange

“At the risk of sounding cheesy, we are still passionate believers in what the internet promised to bring in its early days – a connected and shared experience amongst people regardless of geography or time zone. Kik is one of those amazing places that bring us back to those early aspirations,” the blog post said.

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