Yik Yak, the once high-flying anonymous social network based on college campuses, appears to be heading toward its end. Payments company Square is in talks to acquire the company, sources tell The Verge. If a deal is reached, sources said, it’s likely to be structured as a so-called “acquihire,” in which Square acquires Yik Yak’s employees but does not continue to develop its technology. News that the company was seeking a buyer was first reported Tuesday by Fortune.
Yik Yak did not respond to a request for comment. Square declined to comment.
Based in Atlanta, Yik Yak was founded in 2014 as a kind of mobile-era dorm newsletter. Users posted comments about campus life and other topics, and the app’s anonymous nature encouraged more...
Square is in talks to buy the Yik Yak team appeared first on http://www.theverge.com
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