Subject:::Microsoft Strikes $8.5 Billion Deal to Acquire Skype - Internet Telephony Internet Telephony eNewsletter
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May 10, 2011

Microsoft News - Microsoft Strikes $8.5 Billion Deal to Acquire Skype



By Tammy Wolf, TMCnet Web Editor



In what seems to be an attempt to revive its place as a communications tool in the Internet space, Microsoft (News - Alert) has agreed to acquire major Internet telephone service Skype (News - Alert).


The whopping all-cash $8.5 billion arrangement marks the biggest deal yet for the software maker and confirms last week’s reports that it was in partnership talks with Skype. 

The calling service, which boasts about 663 million users around the globe who make video and voice calls over the Internet, will integrate with Microsoft as a business unit led by current Skype CEO Tony Bates (News - Alert). He will then report to Microsoft head Steve Ballmer... Read More



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