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If offers have come through, who might the interested parties be?
WeChat, owned by Chinese telecommunications giant Tencent, was interested at one point in buying WhatsApp, according to sources familiar with the companies. So why choose independence? Partly Livingston is keeping things in perspective. Kik makes money from gaming and selling digital stickers, both growing industries, but Livingston expects to earn much more from advertising further down the line.
Messaging apps like Kik are moving towards becoming platforms that sit on top of larger operating systems like Android and iOS, taking a cut of revenue from game developers and e-commerce sales. But margins here are tenuous.
If he can put the right structures in place, Kik may well manage to maintain the independence Livingston insists on. Follow me on Twitter: Parmy.
I cover developments in AI, robotics, chatbots, digital assistants and emerging tech in Europe. I've spent close to a decade profiling the hackers and dreamers who are. I've spent close to a decade profiling the hackers and dreamers who are bringing the most cutting-edge technology into our lives, for selling kik or worse.
I've written several cover stories for Forbes magazine including profiles on the founders of WhatsApp and Yahoo, and the Russian Facebook backer Yuri Milner. Before all this I cut my teeth in local radio and the BBC. If you have a story idea or tip, e-mail me at polson forbes.
This is a BETA experience. You may opt-out by clicking here. Feb 9,am EST. Feb 4,am EST. Jan 26,am EST. Oct 29,pm EDT. Oct 27,pm EDT. Edit Story. May 30,pm EDT. Parmy Olson Former Staff. AI, robotics and the digital transformation of European business. Parmy Olson. I've spent close to a decade profiling the hackers and dreamers who are … .
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