It’s been confirmed that yesterday Smart Communications has bought Chikka.com for some undisclosed amount. Two top executives from Chikka Asia Inc. posted updates on their Twitter account about this development.
This has long been rumored but we’ve finally gotten word that they’ve both signed off on the agreement yesterday.
Dennis Mendiola is the Founder and Chief Imagination Officer of Chikka:
Gio Bacareza is the Business Development Director of Chikka:
I’m still getting some more details and will update this post as I get them.
Chikka Asia, Inc. is a wireless application service provider, better known for creating the world’s first instant messenger to fully integrate mobile features via SMS, the Chikka Messenger. It has about 38 million registered users, including mobile subscribers from network operators worldwide and is interoperable with Google Talk .
Update: According to multiple sources, the deal was in the vicinity of Php750 million.