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Industry Questions BT’s Approach to Ribbit Deal
07/29/2008
British Telecom (BT) is buying Internet telephony newbie Ribbit. The news is causing quite a stir because Ribbit is known for its open platform for applications development and people are questioning whether BT will stay true to that mission. The $105 million deal also is viewed as BT stepping into the Android/Skype fray, an interesting and yet-unproven experiment in monetizing free services. Bloomberg: BT to Pay $105 Million for U.S. Telecom Company Ribbit, FT Says OStatic: Ribbit Going To BT for $105 Million: Will the APIs Stay Open? ZDNet: BT guns for Android and Skype with Ribbit buy Washington Post: BT Acquires Ribbit For $105 Million
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