Tuesday, May 10, 2011

Why Microsoft is Buying Skype for $8.5 Billion: Tech News and Analysis « [GigaOM]

A big and bold move; see the post link below for more details

Microsoft has bought Skype for $8.5 billion, in an all cash deal. The deal closed a few hours ago. is close to finalizing a deal to buy Skype for between $7 billion to $8 billion. The Wall Street Journal confirmed the news after we had first reported it yesterday. The announcement is likely to come out later today or tomorrow morning, according to several reports. Steve Ballmer, chief executive officer of Microsoft is said to be a big champion of the deal, the largest in the history of the company. Ballmer and Skype CEO Tony Bates will host a press conference in a few hours.

Why Microsoft is Buying Skype for $8.5 Billion: Tech News and Analysis «

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